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OPINION

DOJ sues Apple over price-fixing scheme

Townhall Staff
Townhall Staff | Apr 11, 2012
The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
DOJ sues Apple over price-fixing scheme

The U.S. Department of Justice on Wednesday brought a lawsuit against Apple and several publishing companies over a scheme to fix e-book prices.

The suit stems from the 2010 release of the iPad, when Apple (AAPL, Fortune 500) reached an agreement with five publishers to release books on its then-new iBookstore. The DOJ said Apple colluded to raise the price of e-books with CBS's (CBS, Fortune 500) Simon & Schuster, News Corp.'s (NWS) HarperCollins, Hachette Book Group, Pearson's (PSO) Penguin unit and Macmillan.

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European authorities are also probing Apple and the publishers for similar antitrust violations. Attorneys general for Connecticut and Texas led a handful of other states in separate litigation against the companies as well.

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