Amazon’s Kindle Readers to See Credits After Antitrust Lawsuit Settlement with Apple, Harper Collins, Macmillan, Hachette, Pearson, Penguin and Simon and Schuster

This weekend Amazon sent an alert to all of their Kindle customers, informing them of a recent antitrust lawsuit settlement over ebook pricing (some people are calling this a ‘class action’ lawsuit, but it was actually an antitrust suit filed by the government). The settlement is expected to be approved sometime in February 2013, at which time those who have purchased Kindle books can expect to see an estimated credit of $0.30 to $1.32 per each eligible Kindle book that they purchased.

US Government Files Anti-Trust Collusion Lawsuit Against Apple and Publishers Over Alleged eBook Price-Fixing

Much of the technology world was stunned to learn that an antitrust lawsuit against technology giant, Apple Inc, and several book publishers, was filed by the US. Government Wednesday morning. The lawsuit charges that Apple and the named publishers conspired to raise the retail prices of electronic-books in order to shun the competition, namely Amazon.com, who many say has monopolized the e-book industry.