E-Books price-fixing refund

MONTGOMERY, Ala. (WIAT) — In 2012, readers spent more than $3 billion on electronic books. Alabamians will now be getting refunds of almost $2 million of that amount. It’s part of a national price-fixing settlement against five publishers. Attorney General Luther Strange says Alabama consumers will receive the money as part of a settlement that claims publishers forced customers across the country to pay artificially-inflated prices.

The amount of individual refunds will be based on the number of eligible e-books that were bought between April 1, 2010 and May 21, 2012. Consumers will get more info on the settlement from their e-book retailer.

Copyright 2014 WIAT-CBS42

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