SENSEX NIFTY
Feb 09, 2013, 06.10 PM IST | Source: Reuters

U.S. settles with publisher Macmillan in e-books case

USA-EBOOKS-MACMILLAN-SETTLEMENT:U.S. settles with publisher Macmillan in e-books case

By David Ingram

WASHINGTON (Reuters) - Publishing house Macmillan on Friday became the fifth and final U.S. book publisher to sign a settlement with the government in a sweeping antitrust case that accused them of conspiring to raise e-book prices.

Macmillan and the Justice Department filed the proposed settlement, which requires a judge's approval, in U.S. District Court in Manhattan.

A small firm that is also known as Holtzbrinck Publishers LLC, Macmillan was the lone holdout among five publishers that the government sued in April 2012. Three publishers settled immediately and the fourth, Pearson Plc's Penguin Group, settled in December.

The Justice Department will continue to litigate conspiracy allegations against Apple Inc

ADS BY GOOGLE

video of the day

See Sensex at 30K by Aug; like autos, banks: Nomura

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.