Photo: unten44 (Flickr)
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.