Those poor put-upon victims of the Feds have so far paid $166M dollars for their two year run of price fixing.
From Publisher's Weekly:
Quote:
Notably, the letter includes the total damage awards calculated by the states and lists the amount publishers agreed to pay as a percentage of those damages. In that regard, the deals look pretty good for the initial three settling publishers (Hachette, HarperCollins, and Simon & Schuster). Hachette was calculated to be on the hook for a total of $62,280,000, but has paid $32,686,165, roughly 52% of what it was liable for. HarperCollins paid $20,168,710, about 65% of $31,140,000 it was assessed for. And Simon & Schuster was on the hook for $42,920,000, and paid $18,303,551 or 42% of assessed damages.
Penguin and Macmillan, meanwhile, appear to have paid a premium for being the last two publishers to settle claims. Penguin, which struck a deal just days before Apple's June trial, agreed to pay $75 million to settle calculated damages of $62,128,000, or 121% of its assessed liability. Macmillan, which settled in March, paid $20 million to settle damage claims of $18,515,000—or, 108% of their liability.
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Note that the way the "reparations" will be paid is a credits for future ebook purchases so they'll get the money right back.
As expected, they got off easy, though you'd never believe it to hear them whine about getting a wrist slap.
Glass tower crime pays off, again.