Apple customers to receive $400M iBooks settlement payments on Tuesday
Customers impacted by Apple's alleged iBooks price fixing scheme will this week receive settlement payments in the form of store credit or checks for up to $6.83 per e-book, the law firm representing plaintiffs in the case announced on Monday.
Hagens Berman issued a press release notifying e-book purchasers of plans to dole out Apple's $400 million settlement fund starting Tuesday.
In compliance with the agreed upon terms, consumers are to receive payouts valued at twice their losses, which translates to $1.57 per most e-books and up to $6.93 for every New York Times bestseller. Titles from Hachette Book Group, HarperCollins Publishers, Macmillan (Holtzbrinck Publishers), Penguin Group and Simon & Schuster purchased between April 1, 2010 and May 21, 2012 qualify for the program.
