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Amazon Hit With Class-Action, EBooks Price-Fixing Lawsuit [Video]

Amazon and a number of major book publishers are facing a potentially very costly class-action lawsuit after being accused of colluding to inflate ebook pricing on retail platforms other than Amazon's own.

As Reuters reports, Amazon is accused of working with the five largest US book publishers, collectively referred to a the "Big Five," which includes Hachette, HarperCollins, Macmillan, Penguin-Random House and Simon & Schuster. The lawsuit has been brought by law firm Hagens Berman, who filed a similar lawsuit back in 2011 against Apple and the Big Five.

In the 2011 lawsuit, Apple settled for $400 million and the Big Five agreed to not interfere with retailers' discounts for two years. Now Hagens Berman saysAmazon has stepped in to the same role Apple played back in 2011 while the Big Five "failed to learn anything from the experience." The result is a collusion that has seen the price of ebooks rise …

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Ecommerce

Adafruit Industries, Unique & fun DIY electronics and kits : - Tools Gift Certificates Arduino Cables Sensors LEDs Books Breakout Boards Power EL Wire/Tape/Panel Components & Parts LCDs & Displays Wearables Prototyping Raspberry Pi Wireless Young Engineers 3D printing NeoPixels Kits & Projects Robotics & CNC Accessories Cosplay/Costuming Halloween Reseller and School Packs Internet of Things - IoT Development Boards Batteries Gift Ideas Feather CircuitPython Circuit Playground Crickit - Creative Robotics Particle STEMMA Machine Learning micro:bit Add-ons & Accessories Bluetooth PPE Microchip ecommerce, open source, shop, online shopping