E-Book Retailers Pay Out Class Action Suit Credits

By Dianna Dilworth 

Check your Amazon, Nook, iBooks and Kobo accounts for e-book credits. These companies are in the final stage of payoff as part of a $400 million settlement in the e-book price fixing antitrust case.

If you purchased an e-book from one of these companies will receive a $6.93 credit for every e-book that was a New York Times bestseller, and a $1.57 credit for titles that were not. If you asked for a check instead of a credit, the check is in the mail this week.

“To make this settlement effective and accessible for consumers, our team faced a sizable undertaking that entailed almost constant contact with the retailers to make sure the credits will be applied to consumer accounts across the country,” stated Steve Berman, managing partner of law firm Hagens Berman. “This is the second round of distribution in the case, and we believe the only case in the country to have so much money returned directly to consumers.”