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Hoosiers Get $6.5 Million For Apple E-Book Price-Fixing

The Indiana Attorney General's office expects Hoosiers to receive $6.5 million as part of a settlement regarding price-fixing.

E-books

Photo: unten44 (Flickr)

The settlement will reimburse some consumers for their loses.

Indiana and 32 other states have reached a settlement with Apple on behalf of customers who were overcharged for their E-books.

The amount customers will receive is dependent on an appeal of a 2013 ruling that Apple violated antitrust laws by leading a two-year price-fixing conspiracy with other major publishers to artificially raise E-book prices.

About $400 million will go back to the buyers nationwide. For Indiana, the Indiana Attorney General’s office says 350,000 Hoosiers will receive up to $6.5 million of that money.

Abby Kuzma, Indiana Attorney General Consumer Protection Director, says it could be awhile before people receive the refund.

“I think we’re expecting several months, but I don’t think we are expecting years,” she says.

The settlement still needs final approval by a U.S. District Court in New York before the money can be distributed, which could take several months.

E-book purchasers nationwide have already received compensation from a settlement paid by the five other publishers involved.

Network Indiana contributed to this report.

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