Justice Dept. Settles with Three Publishers, Continues Action Against Apple and Two Others

Before the companies began their conspiracy, retailers regularly sold eBook versions of new releases and bestsellers for, as described by one of the publisher’s CEO, the “wretched $9.99 price point.” As a result of the conspiracy, consumers are now typically forced to pay $12.99, $14.99, or more for the most sought-after eBooks, the department said.