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Amazon Kindle eBook Users To Get Refunds After Settlement
hypnosec writes "Amazon, in an email to Kindle owners, has a revealed that following the settlement in the eBook price fixing lawsuit customers will be entitled to refunds between 30 cents and $1.32 on each book purchased. If the $69 million settlement is approved, the funds will be provided as credits to customers directly in their accounts. Users may request checks for the amount of credit that has been applied to their accounts. 'If the Court approves the settlements, the account credit will appear automatically and can be used to purchase Kindle books or print books,' wrote Amazon in the email."
I may get a few bucks out of this - but my wife is probably looking at some serious money! Which probably just means she'll go on a book-buying spree...
So, basically, this money will end up going to Amazon.
#DeleteChrome
If you really want to make them pay, force them to send you a check for that 30 cents. The cost of processing it will far outpace the measly 30 cent check.
In this case, Amazon wasn't the one price fixing e-books, it was the publishers. The money is just being returned via amazon who went with the account credit method. It saves a lot of processing fees, and most people who buy books on Amazon are going to buy other stuff on Amazon anyways. It isn't like Sony giving out $1.00 to be spent on more Sony CDs because of something Sony did. Amazon wanted lower prices just as much as the people buying the books.
Perhaps read the story? Amazon isn't the defendant in the case, and Amazon isn't actually giving out any money. They're simply disbursing funds on behalf of the real defendants, Harper Collins, Hachette, and Simon and Schuster.
The real story though, is that they've finally destroyed the Agency Model that Apple introduced to force Amazon to charge whatever the publishers decided they wanted to charge, which means Amazon will finally be able to reduce the price of eBooks to historic levels.
For a site about things like basic rights, Slashdot users sure do like to censor "dissent".
The price fixing isn't a significant for purchases in comparison to the need to stop collusion and monopolies. Companies of a certain size should be required to support operating systems and devices in a standards complaint way. No one operating system or device should be favored. Digital restrictions should be illegal.
I think it should go to the Golf Channel, because I really like golf.
#DeleteChrome
Lawyers get Billions to buy an island and have solid gold audi cars. the people ACTUALLY harmed get nothing at all.
Why don't class action lawsuits have a cap on what he lawyers can make? They should be capped at $300.00 an hour or $500,000.00 whichever is smaller, before taxes.
Do not look at laser with remaining good eye.