Apple Sued By U.S. Government Over E-Books

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HFA Staff
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The United States has Sued Apple Inc. (NASDAQ:AAPL) in an Anti Trust Suit pertaining to the company’s book store. The suit, filed by the Department of Justice in New York District Court, was filed against Apple, HarperCollins, Penguin, Hachette, Simon and Schuster and Macmillan. The companies deny that they colluded to fix prices in the book market and instead claim that their pricing actually improves competitiveness in the market. The suit, if concluded clearly, could form the basis for much of online media publishing law for some years to come. The model that the Apple iBooks store uses is different from…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.