MobileRead Forums - View Single Post - states reach $69 million settlement in ebook pricing lawsuit

Kali Yuga · 09-01-2012, 08:09 AM

According to Publisher's Weekly:

• Backlist gets $0.25 per book
• Frontlist but not best seller gets $0.36 per book
• NYT Bestsellers get $1.32 per book
• If it's unclear, $0.30 per book

(http://www.publishersweekly.com/pw/b...ettlement.html)

They also pointed out that "97% of all sales came from Amazon, B&N, or Apple."

If you're eligible, you will receive a notice. You can specify a check, or decline to receive a payment. If you don't respond to the notice, you'll get some kind of credit from the retailer. E.g. if the settlement owes you $15, and you bought 1/3 your books from B&N and 2/3 from Amazon, it sounds like you'll get a $5 credit at B&N and $10 at Amazon.

I.e. if you receive a notice and want a check, make sure to carefully read and respond to the notice.

The settlement is still pending court approval, so it could be modified or changed. If approved, it will still take months for this to all go through.

This is also not a class-action lawsuit where private attorneys receive 50% of the settlement. It was filed by the states, who primarily used their own legal resources.

09-01-2012, 08:09 AM	#22
Kali Yuga Professional Contrarian Posts: 2,045 Karma: 3289631 Join Date: Mar 2009 Device: Kindle 4 No Touchie	According to Publisher's Weekly: • Backlist gets $0.25 per book • Frontlist but not best seller gets $0.36 per book • NYT Bestsellers get $1.32 per book • If it's unclear, $0.30 per book (http://www.publishersweekly.com/pw/b...ettlement.html) They also pointed out that "97% of all sales came from Amazon, B&N, or Apple." If you're eligible, you will receive a notice. You can specify a check, or decline to receive a payment. If you don't respond to the notice, you'll get some kind of credit from the retailer. E.g. if the settlement owes you $15, and you bought 1/3 your books from B&N and 2/3 from Amazon, it sounds like you'll get a $5 credit at B&N and $10 at Amazon. I.e. if you receive a notice and want a check, make sure to carefully read and respond to the notice. The settlement is still pending court approval, so it could be modified or changed. If approved, it will still take months for this to all go through. This is also not a class-action lawsuit where private attorneys receive 50% of the settlement. It was filed by the states, who primarily used their own legal resources.