WSJ: U.S. Department of Justice is Coming for Apple
In a potential move that sounds particularly serious in nature, the Wall Street Journal is reporting that the U.S. Department of Justice may be coming after Apple. And this isn't over an alleged Proview trademark violation in China. This is pretty heavy.
According to the venerable financial publication, "The Justice Department has warned Apple Inc. and five of the biggest U.S. publishers that it plans to sue them for allegedly colluding to raise the price of electronic books."
It isn't clear as of this writing if the sources that leaked the information are associated with Apple or the DOJ. Regardless, it's a major developing story and one that could unfold shortly. In short, the Justice Department reportedly believes that Apple and the publishers (Simon & Schuster, Hachette Book Group, Penguin Group, Macmillan, and HarperCollins) should be sued for violating federal antitrust laws.
Although it isn't known if and how Apple could be punished for allegedly colluding to pump up eBook prices, settlement talks are believed to have already begun. And what could the eventual result be for consumers? Cheaper eBooks, says the WSJ.