ReutersJanuary 16, 2021 12:16:34 am
(Reuters) – Amazon.com Inc was the topic of a category motion lawsuit on Thursday accusing the e-commerce large of inflating e-book costs in collusion with some publishers.
The lawsuit alleges that Amazon and the 5 largest US publishers, collectively referred to as the ‘Huge 5’, agreed to cost restrictions that trigger shoppers to overpay for e-books bought via a non-retail platform. be Amazon.com. (https://refini.television/2MXXVqs)
The lawsuit comes a day after Connecticut stated it was investigating Amazon for doable anti-competitive conduct in its digital book-selling enterprise.
Amazon declined to remark.
About 90% of e-books are offered via Amazon, the most important e-book vendor in america, in keeping with the lawsuit.
The Hagens Berman regulation agency, which introduced the case, in 2011 filed the same lawsuit towards Apple Inc and the ‘Huge 5’ over e-book costs.
(Reporting by Arundhati Sarkar in Bengaluru; edited by Shailesh Kuber)
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