MobileRead Forums - View Single Post - U.S. Justice Dept. to Sue Publishers, Apple, for Price Collusion?

jbcohen · 03-09-2012, 08:03 AM

I think that apple and several book publishers are focusing on the definition of price collusion when it talks about a seceative aspect of the co-operation of several different companies to daise prices. The justice department, however, is focusing on the first part of the definition when it talks about the co-operation of companies to raise prices. The defintion that I am referring to commes from Wikipedia and it is:

Collusion is an agreement between two or more persons, sometimes illegal and therefore secretive, to limit open competition by deceiving, misleading, or defrauding others of their legal rights, or to obtain an objective forbidden by law typically by defrauding or gaining an unfair advantage.

I don't think there has been any secreative aspect to their co-operation in order to raise prices. In fact they have been quite open about how they are co-operating. Justice is focusing on the co-operation aspect of the definition and I think its quite clear that they are co-operating to rasie prices.

03-09-2012, 08:03 AM	#50
jbcohen Wizard Posts: 3,033 Karma: 11196738 Join Date: Oct 2010 Location: Where am I? Device: Kindle Paperwhite Signature edition and a Samsung S24 Ultra	I think that apple and several book publishers are focusing on the definition of price collusion when it talks about a seceative aspect of the co-operation of several different companies to daise prices. The justice department, however, is focusing on the first part of the definition when it talks about the co-operation of companies to raise prices. The defintion that I am referring to commes from Wikipedia and it is: Collusion is an agreement between two or more persons, sometimes illegal and therefore secretive, to limit open competition by deceiving, misleading, or defrauding others of their legal rights, or to obtain an objective forbidden by law typically by defrauding or gaining an unfair advantage. I don't think there has been any secreative aspect to their co-operation in order to raise prices. In fact they have been quite open about how they are co-operating. Justice is focusing on the co-operation aspect of the definition and I think its quite clear that they are co-operating to rasie prices.