(WBIR) Tennesseans will begin getting account credits or checks this week because of an agreement resolving an E-book price-fixing lawsuit against the six largest E-book publishers in the country.
State Attorney General Bob Cooper said Tennesseans will receive $2.8 million in refunds from the $166 million payout from the nationwide lawsuit. The suit was brought before the following E-book publishers: Apple Inc., Hachette Book Group Inc., HarperCollins Publishers LLC, Simon & Schuster Inc., Holtzbrinck Publishers LLC, Macmillan, and Penguin Group Inc.
"My office is happy that Tennesseans will receive this compensation," Attorney General Cooper said in a release. "Unfortunately, it took approximately three years to prove consumers paid millions of dollars more than they should have been because these companies conspired to artificially raise the price of E-books."
As part of the agreement, consumers will get an account credit or check based the number of eligible E-books they bought during the period of April 1, 2010 to May 21, 2012. Cooper said it's not been determined how many Tennessee will receive funds.
For more information on the settlements, visit www.ebookagsettlements.com.