Business

Amazon Customers Wake Up to Unexpected Cash

Amazon customers had a pleasant surprise in their email inbox this morning: credits from a settlement between some of the largest U.S. book publishers and a coalition of state attorneys general.

People who purchased ebooks between April 1, 2010 and May 21, 2012 are entitled to a credit of $3.17 per New York Times bestseller and $0.73 for other books.

The case claimed that five major publishers Hachette, HarperCollins, Simon & Schuster, Macmillan and Penguin and Apple colluded to artificially inflate the price of ebooks. Only the publishers have agreed to a settlement, while Apple continues to fight the case.

Apple recently appealed a judge's ruling that found the company had violated antitrust laws in this matter.

As people opened their emails, they also took to Twitter to discuss their settlements.




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