Penguin Group today agreed to a $75 million settlement deal with the US State Attorneys General and a group of private plaintiffs. The settlement stems from allegations that Penguin, along with four other publishing houses, colluded with Apple to raise the price of e-books on Apple's iBookstore.
Attorney General George Jepsen today announced that Penguin Group (USA) Inc. has entered into a settlement agreement to resolve claims asserted by Connecticut and 32 other states and territories in a lawsuit alleging price-fixing and collusion in the market for electronic books, or eBooks.
Since allegations of price fixing were first levied in April of 2012, all five of the accused publishing houses have reached settlement agreements with the government, cumul
