Prospectus News updates us on the early positioning in the U.S. Department of Justice anti-trust lawsuit for price-fixing against Apple and publishers Simon & Schuster, HarperCollins, the Hachette Book Group, Pearson and Macmillan.
Hachette, HarperCollins and Simon & Schuster have agreed to settle with the JOD. Hachette and HarperCollins is prepared to pay back about $51-million from the estimated $100-million crime. Simon and Schuster is negotiating restitution with the states.
Apple and the others appear to be willing to fight.
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