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04-10-2012, 10:41 PM #1
DoJ Could Bring Suit Against Apple This Week E-Book Price Fixing Investigation
The United States Department of Justice could file suit against Apple as early as Wednesday over e-book price fixing allegations according to Reuters.
The report sites people familiar with the matter, and claims the DoJ may file suit against Apple and settle with “several publishers.” Apple has already reportedly changed their terms and conditions to remove the Agency model of book distribution which is at the center of the DoJ’s investigation.
The DoJ will need to prove Apple colluded with publishers to move from the wholesale model used by Amazon to the Agency model where publishers, not the resellers, set their own prices for e-books. This effectively eliminated third-party e-book sellers from the market and put a few notable reader applications and their accompanying e-book stores out of business. Jobs claimed the publishers were willing to switch to the new model because they were sick of Amazon selling Kindle e-books below cost.
The DoJ has reportedly contacted Apple and five publishers of their intent to sue. Many of the publishers involved (Simon & Schuster, Hachette, Macmillan, HarperCollins, and Penguin) have been negotiating with the DoJ over a settlement that would allow them to avoid suit. Whether Apple has been in similar talks is not known.
Source: Reuters Wire [via Yahoo]
04-11-2012, 01:14 AM #2
I would imagine the DOJ would have better things to do. What will this accomplish? Nothing. Apple has already been forced to back away from the Agency model, so what good does this suit do? None.El Zurdo
04-11-2012, 10:34 AM #3
Well it forced Apple to move away from Agency model, without the investigation and lawsuit do you think that would happen? With Apple bigger than ever and without the threat of DoJ investigation and lawsuit they would bully over everyone!
04-11-2012, 12:05 PM #4
Not every company is a bully. And as far as see it, the DoJ has more pressing matters to attend to rather than ebook prices. The consumers can take care of themselves when it comes to ebooks. Simple, don't buy them. It's happened before in other markets, it can happen again. How about Department of Justice crack down on the Department of Labor for continuing to hand out unemployment to prisoners in jail!
04-11-2012, 05:09 PM #5
What you are saying is like saying price fixing is ok, I will just stop having Milk or pizza or whatever I currently like.
04-12-2012, 08:30 PM #6
Also, Apple is going to win. So the DOJ is not only wasting time and money going forward with this lawsuit, it is also going to lose, and walk away defeated and embarrassed.El Zurdo