Does Amazon Owe You Money? Find Out!

 

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You may have Amazon credit coming to you! Those who purchased e-books between 2010-2012 will be awarded Amazon credits! Check your emails for an email from Amazon or log into your account. Credit gets applied to eligible items on your next order. So what happened?

Way back in 2012, Apple was accused of conspiring with book publishers and jacking up the prices of e-books on their site. Along with that, 5 major publishers agreed to raise their prices in unison. This gave publishers and not retailers, the ability to set prices and consumers were left without a choice but to pay extra for the e-book.

In the court case of Apple v. United States, 15-565, the publishers settled for $166 million payable to the states and consumers. Apple continued to push on in court but eventually lost their appeal in Manhattan federal court and resign to paying $450 million in the antitrust suit where $400 million will go to e-books customers, $20 million to the states and $30 million in legal fees.


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