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Amazon accused of jacking up e-book prices

Amazon is forcing its opponents to jack up their e-book prices, a brand new lawsuit alleges.

The pricing issues stem from a deal Amazon struck with 5 main e-book publishers, the Wall Road Journal reported, citing court docket papers filed in federal court docket in New York on Thursday.

The deal prevents rival retailers from promoting any of the 5 publishers’ e-books at a worth decrease than on Amazon, the swimsuit alleges.

The 5 publishers are HarperCollins Publishers, Lagardère Hachette E book Group, Penguin Random Home, Simon and Schuster, and Macmillan.

The swimsuit alleges the retail big prices publishers excessive commissions and different prices, “which in flip considerably will increase the retail worth of the e-books they promote on Amazon.com,” in keeping with the Journal.

However beneath the deal, e-books by the 5 publishers must promote on the similar, excessive Amazon worth, the swimsuit alleges, calling it “a conspiracy to repair the retail worth of e-books.”

The swimsuit was filed by the legislation agency Hagens Berman, which is looking for class motion standing, the Journal reported.

Authorities in Connecticut and California are additionally investigating Amazon’s enterprise practices, the outlet reported.

Amazon and the publishers haven’t commented on the lawsuit.

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Donna Miller

Donna is one of the oldest contributors of Gruntstuff and she has a unique perspective with regards to Science which makes her write news from the Science field. She aims to empower the readers with the delivery of apt factual analysis of various news pieces from Science. Donna has 3.5 years of experience in news-based content creation, and she is now an expert at it. She loves journalism, and that is the reason, she moved from a web content writer to a News writer, and she is loving it. She is a fun-loving woman who has very good connections with every team member. She makes the working environment cheerful which improves the team’s work productivity.

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