If you're a regular buyer of Kindle ebooks, you want to go check your email; inside, there might just be a little present from Amazon waiting for you. And by "present" I mean "legally mandated compensation to make up for years of price-fixing." Just like Christmas!
Following the e-book price fixing scandal that saw Apple found guilty, all five of the publishing houses involved in the spat have finally agreed to a federal court settlement—which could see you receiving a payout.
U.S. District Judge Denise Cote has found that Apple is guilty of colluding with five book publishers to fix ebook prices artificially high in the iBookstore, thereby forcing Amazon and other online booksellers to do the same. There's no word yet on how much cash money and concessions Apple will have to fork over,…
Book publishers and the Department of Justice reached a settlement regarding that whole eBook-price fixing scheme last month, and now the savings are being passed on to you. If you bought one of the affected, overpriced Kindle books between April 2010 and May 2012, you're about to get some money back.
New York State filed suit today against several of the largest LCD manufacturers, citing concerns of price fixing schemes. Those under scrutiny include Sharp, LG, Hitachi and Samsung—the latter being the most popular LCD brand in the country.
News just in—X tech company sues Y tech company! Except it's not that simple. Dell's actually filed a lawsuit against five manufacturers—Sharp, Hitachi, Toshiba, Seiko Epson and HannStar, for supposed price-fixing of LCD monitors.
Chi Mei Optoelectronics, a major LCD maker who sells to companies including Apple, HP and Dell, has admitted to a wide-scale price fixing conspiracy between late 2001 and late 2006. The details are being kept under wraps, but Chi Mei has pled guilty to the charges in a San Francisco court, and in addition to the…
AT&T and the LCD industry make for strange courtfellows, but wait'll you hear what for: AT&T claims that due to LCD price fixing by LG, Sharp and other, they've overpaid for 300 million handsets. Interestingly, they're not thrilled about this.
This week US, Japan and South Korea have teamed up to investigate possible price fixing between major LCD manufacturers.
Samsung is out $300 million to federal regulators—the second largest criminal antitrust fine in history—stemming from an investigation that began in 2002. The chip-maker was caught conspiring via e-mail, telephone and face-to-face conversations discussing fixing the price of memory chips starting back in April of 1999.