By CNBCTV18.COMJan 15, 2021 9:07:17 AM IST (Published)
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The lawsuit alleges that Amazon and the five largest US publishers, collectively called the ’Big Five’, agreed to price restraints that cause consumers to overpay for eBooks purchased from them through a retail platform other than Amazon.com.
Amazon.com Inc was slapped with a class-action lawsuit on Thursday accusing the e-commerce giant of inflating the prices of ebooks in collusion with some publishers.
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The lawsuit alleges that Amazon and the five largest US publishers, collectively called the ’Big Five’, agreed to price restraints that cause consumers to overpay for eBooks purchased from them through a retail platform other than Amazon.com.
The lawsuit comes a day after Connecticut said it was investigating Amazon for potential anti-competitive behavior in its business selling digital books. Amazon declined to comment.
About 90 percent of eBooks are sold through Amazon, the largest US eBooks seller, the lawsuit claimed. Law firm Hagens Berman, bringing the case, in 2011 filed a similar lawsuit against Apple Inc and the ’Big Five’ over ebook prices.
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