Good news e-book buyers, if you purchased e-books from Amazon, Barnes & Noble, Kobo and Apple between April 1, 2010 and May 21, 2012 you may be entitled to a free credit on your account thanks to the long awaited payments of a price-fixing settlement that has been years in the making!
At the heart of this issue is an antitrust lawsuit that was filed against Apple and several book publishers dating back several years. In the lawsuit and subsequent settlement Apple and publishers Hachette, HarperCollins, Macmillan, Penguin Group and Simon & Schuster agreed to refund customers over $400 million dollars for their role in an alleged e-book price-fixing scheme.
Beginning Tuesday the credits were being deposited directly into the e-book buyer’s accounts or mailed as checks. Readers who qualified will get a $6.93 credit for every e-book they bought that was a New York Times bestseller, and a $1.57 credit for other e-books, according to Hagens Berman, the law firm that brought the original suit.
For Amazon customers that believe they have purchased a qualifying e-book, you will be automatically receiving credits in your account. All you need to do is sign in to your Amazon.com account and click on this link to see how much you got.
“Eligible customers do not need to do anything to receive these credits. If you are eligible, we have already calculated your credit for you and added it to your Amazon account,” according to Amazon’s webpage explaining the settlement.
For more details on the lawsuit the attorneys have set up a web site answering questions for e-book buyers about whether they are eligible for any of the settlement money.Just a note, you should act quickly to check on and use your credits as the settlement credits will only be valid through June 24, 2017. After
that date, they will expire by order of the court overseeing the