[Update] DOJ Sues Apple, Five Publishers for Antitrust

The Justice Department sued Apple and five prominent book publishers Wednesday morning for colluding to fix the price of iPad-borne e-books. The suit was filed in federal court in Manhattan. Sixteen states have filed separate civil suits so far looking for money. Those charged include Macmillan, Penguin, Simon & Schuster, Hachette and HarperCollins. Simon & Schuster, Hachette and HarperCollins immediately agreed to settle and terminate their arrangements with Apple, clear any joint e-book ventures with the government and report any communications with other publishers to the DOJ for the next five years.

read more