Kindle customers may get credit via settlements
Posted at: 10/16/2012 6:50 AM
By: Associated Press | WHEC.com
Have you bought some books for use in a Kindle e-reader? You might have some money coming.
Amazon is telling its Kindle e-reader customers they're entitled to a credit on earlier book purchases as part of settlements between publishers and the government.
In September, a federal judge approved the Justice Department's settlement. The publishers were accused of conspiring in a price-fixing scheme.
Among other things, the agreement requires the publishers to abandon the pricing system that they had conceived with Apple before it released its iPad tablet in 2010. The publishers must also provide the funds for the Kindle credit.
Amazon.com told Kindle customers over the weekend that they will be contacted when the credit is applied to their account if the court approves the settlement next February. Customers don't need to do anything to receive the credit.
Amazon said that while it doesn't know the amount of the credit until the court approves the settlements, the state Attorneys General estimate it will be from 30 cents to $1.32 for every eligible Kindle book purchased between April 2010 and May 2012. The credit can be used to buy e-books or print books, or customers can request a check in the amount of the credit.