Penguin Settles for $75 Million

The Penguin Group USA has agreed to pay $75 million to settle accusations of e-book price fixing, the publisher said on Wednesday.

“Penguin has reached a comprehensive agreement with the U.S. State Attorneys General and private class plaintiffs to pay $75 million in consumer damages plus costs and fees to resolve all antitrust claims relating to e-book pricing,” the publisher said in a statement.

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