Amazon faces class-action lawsuit over eBook pricing

Amazon faces class-action lawsuit over eBook pricing

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Amazon.com Inc was slapped with a class-action lawsuit on Thursday accusing the e-commerce giant of inflating the prices of ebooks in collusion with some publishers.

The lawsuit alleges that Amazon and the five largest U.S. publishers, collectively called the  Big Five , agreed to price restraints that cause consumers to overpay for eBooks purchased from them through a retail platform other than Amazon.com. 

The lawsuit comes a day after Connecticut said it was investigating Amazon for potential anti-competitive behavior in its business selling digital books.

Amazon declined to comment.

About 90% of eBooks are sold through Amazon, the largest U.S. eBooks seller, the lawsuit claimed.

Law firm Hagens Berman, bringing the case, in 2011 filed a similar lawsuit against Apple Inc and the ‘Big Five’ over ebook prices. 

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