I tells ya, some fun will be had with this one methinks! I hope Agency falls, I really don’t like it!
The Justice Department has at last filed an anti-trust complaint in New York against Apple and five publishers over an alleged price fixing conspiracy. (Update: Three publishers to settle)
The decision to sue comes after weeks of media leaks that suggested the government was trying to pressure the parties into a settlement.
The issue turns on whether five publishers illegally colluded with Apple to implement “agency pricing” in which the publishers set a price and the retailer takes a commission. (see here for more details)
The lawsuit has yet to be posted on the Justice Department’s website but Bloomberg News says Apple and five of the “Big 6″ publishers are named as defendants. The named publishers are Macmillan, Penguin, Hachette SA, HarperCollins, and Simon & Schuster. (Update: a Bloomberg report says the latter three will settle. This is consistent with a leak earlier this month).