Give Now

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.

Alex Dierckman

Alex Dierckman is a reporter and anchor for WFIU/WTIU News and Indiana Newsdesk. She has been with the station since 2012. From Carmel, Indiana, Alex is excited to report and deliver the news in her home state. You can follow her on Twitter @alexdierckman.

View all posts by this author »

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Support For Indiana Public Media Comes From

Search News

Stay Connected

RSS e-mail itunes Facebook Twitter Flickr YouTube

Follow us on Twitter

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Recent Business & Economy Stories

Recent Videos

Find Us on Facebook