A PYMNTS Company

US: E-Book buyers receive payment from antitrust suit settlement

 |  October 19, 2017

On Wednesday, October 18, Amazon sent emails to qualifying customers to notify them that credit has been added to their accounts in response to the Apple eBook Antitrust Settlement.

You were only eligible to receive credit if you had a US billing address and purchased a Kindle book between April 1, 2010, and May 21, 2012, published by one of five major US publishers: Hachette, HarperCollins, Macmillan, Penguin and Simon & Schuster.

The case, which was settled November 21, 2014, addressed the question of whether Apple and the five listed publishers conspired to fix and raise the retail prices of eBooks.

“Under the settlements, Apple provided funds for credits that were applied directly to Amazon accounts of eligible customers in June 2016,” Amazon explains. “These credits expired in June 2017. Customers who redeemed credits from the June 2016 distribution received additional credits in October 2017.”

Some retailers, like Google, are requiring customers to file Claim Forms to participate in the settlement. But most, including Barnes & Noble, are sending out emails like Amazon to notify customers about available credit.

Full Content: iDrop News

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.