Apple Inc. (NASDAQ:AAPL) and five frontline book publishers were recently sued by the Department of Justice (DOJ), for conspiring and manipulating e-book prices.
The civil antitrust lawsuit filed in the District Court for the Southern District in New York accused Apple, HarperCollins Publishers Inc, Simon & Schuster Inc, Hachette Book Group, Macmillan and Penguin Group of hatching a secret plot to inflate e-book prices aimed at curbing Amazon’s (NASDAQ:AMZN) dominance in the e-book market.
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