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The US Department of Justice has filed an antitrust lawsuit against Apple and six e-book publishers over alleged collusion to fix e-book prices. The antitrust suit was filed in US District Court in New York on Wednesday morning against Apple, Hachette, Harper Collins, Macmillan, Penguin, Pearson, and Simon & Schuster, according to Bloomberg.
Apparently, Apple colluded with several e-book publishers in an attempt to fix prices in order to unfairly compete against Amazon's pricing model.
Four of the publishers have agreed to a settlement, but Apple, Penguin, and Macmillan are reported to still be resisting settling. Considering that Apple stands to potentially lose millions of dollars it essentially overcharged its e-book customers, they are likely to hold out until the bitter end.
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