On Wednesday afternoon, the Department of Justice announced it had reached a settlement with Penguin, “one of the largest book publishers in the United States,” of the ebook pricing lawsuit that Penguin had previously vowed to litigate in court. (Indeed, in April, Penguin Group ceo John Makinson had defiantly underscored that “alone among the publishers party to the investigations that resulted in today’s announcements, we have held no settlement discussions with the DOJ or the states.”) The settlement, which again requires the approval by Judge Denise Cote of New York’s Southern District Court, imposes the same basics terms as the approved settlements between […]
