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U.S. Sues Apple, Publishers Over E-Book Pricing

 The lawsuit, filed in Manhattan federal court by the U.S. Department of Justice's Antitrust Division, alleges Apple and the publishers reached an agreement where retail price competition would cease, retail e-books prices would increase significantly and Apple would be guarantee a 30% "commission" on each e-book sold.
A settlement involving some of the publishers is expected to be filed Wednesday, according to a person familiar with the matter. U.S. Attorney General Eric Holder is expected to discuss "a significant antitrust matter" at a press conference later Wednesday.
"Defendants' ongoing conspiracy and agreement have caused e-book consumers to pay tens of millions of dollars more for e-books than they otherwise would have paid," the lawsuit said.

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