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Md. AG announces settlement with book publishers

Wednesday - 8/29/2012, 6:55pm  ET

BALTIMORE - Maryland's attorney general says state residents will get about $1.6 million under an antitrust settlement with three of the nation's largest book publishers.

Attorney General Doug Gansler made the announcement on Wednesday, as part of a settlement with 54 attorneys general for other states.

Hachette Book Group Inc., HarperCollins Publishers LLC and Simon & Schuster Inc. have agreed to pay more than $69 million to consumers.

The agreement resolves antitrust claims of an alleged conspiracy to fix the prices of electronic books.

The three publishers also will have to allow all online retailers to competitively price all e-books in the future.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)