Lawsuit the Sequel
If you are successful one time, try it again. The law firm that successfully sued Apple and major publishers for e-book price fixing way back in 2011 has filed a class action suit against Amazon. The suit accuses Amazon of colluding with the Big Five publishers to limit competition for e-books.
Amazon is the defendent while publishers Hachette, HarperCollins, Macmillan, Simon & Schuster, and Penguin Random House are listed as as “co-conspirators” in a pricing scheme to keep e-book price artificially high.
The lawsuit was filed the same week Connecticut Attorney General William Tong (D) said his office has an “active and ongoing antitrust investigation” into Amazon over “potentially anticompetitive terms in their e-book distribution agreements with certain publishers.”
Read more about the filing here.
Stay tuned. A few years from now we may receive a large credit at Amazon in settlement of the lawsuit.