What's new
Apple iPad Forum 🍎

Welcome to the Apple iPad Forum, your one stop source for all things iPad. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

iBooks Settlement Payments Totally $400 Million to Be Paid Out From Today

Maura

iPadForums News Team
Joined
Jun 7, 2010
Messages
3,894
Reaction score
261
Location
UK
400 million dollar payout on the way to iBooks case plaintiffs.JPG

AppleInsider reports that customers who were affected by the iBooks price-fixing case will start receiving their compensation payments from today, according to a press release from the law firm that is acting for the plaintiffs, Hagens Berman. The total payment of $400 million comprises store credit or checks for up to $6.83 for each e-book.

In accordance with the terms of the settlement, those affected by the case are entitled to payouts of twice the losses that they incurred, which is roughly $1.57 for each e-book and up to $6.93 for each New York Times bestseller. Titles that were purchased from Hachette Book Group, HarperCollins Publishers, Macmillan (Holtzbrinck Publishers), Penguin Group and Simon & Schuster between April 1 2010 and May 21 2012 all qualify for a payment as part of the settlement.

Payments to customers who purchased digital books from Amazon, Barnes & Noble, Kobo, and Apple should be sent automatically to the relevant store accounts, although some respondents might get their checks in the mail instead.

Source: Apple customers to receive $400M iBooks settlement payments on Tuesday
 

Most reactions

Latest posts

Top