Amazon is issuing credits to customers after settling a $400 million e-book lawsuit.
The lawsuit was filed against Apple Inc. and five publishing companies for their roles in an alleged e-book price-fixing scheme, according to Hagens Berman, a class-action litigation firm.
Eligible customers made e-book purchases between April 1, 2010 and May 21, 2012. According to the terms of the settlement, consumers will receive a $6.93 credit for every e-book which was a New York Times bestseller, and a $1.57 credit for other e-books.
According to the attorneys involved in the settlement, the price-fixing collusion involving Apple and the publishers caused e-books pricing to increase 30-50 percent.
Amazon said Apple “settled several antitrust lawsuits about eBook prices that were brought against Apple by a coalition of state Attorneys General, and by a Plaintiff Class. Amazon was not a party to these lawsuits. Under the settlements, Apple provided funds for credits that were applied directly to Amazon accounts of eligible customers in June 2016.”
Customers do not need to do anything to receive the credits. The credit has already been calculated and added to your Amazon account.
Where do I find the credit?
Go to: https://www.amazon.com/Kindle-eBooks/b?ie=UTF8&node=14741166011.
The available credit will display on this page. If you are not eligible for the credit, you will see this message: “There is no eBook settlement credit associated with this account.”
If you received a credit, the amount will be automatically applied to your next Amazon purchase.
