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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Apple and publishers fail to halt ebook lawsuit

Category : Business

Lawsuit accuses Apple and publishers of colluding to break up Amazon.com’s low-cost dominance

Apple and five major book publishers have failed to persuade a US judge to throw out a lawsuit by consumers accusing them of conspiring to raise electronic book prices two years ago.

The lawsuit in US district court in New York is related to government charges in April accusing Apple and publishers of colluding to break up Amazon.com’s low-cost dominance of the digital book market.

HarperCollins, Simon & Schuster and Hachette reached settlements, while Apple and two of the publishers, Macmillan and Penguin, said in court last month they want to go to trial to defend themselves against the government charges.

The consumers’ main allegation is that the publishers worked together to raise prices and decrease retail competition with Apple co-ordinating the agreement among them.

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