The U.S. Department of Justice on Wednesday brought a lawsuit against Apple and several publishing companies over an alleged scheme to fix e-book prices, a source with knowledge of the investigation told CNNMoney.
The suit likely stems from the 2010 release of the iPad, when Apple reached an agreement with five publishers to release books on its then-new iBookstore.
A similar investigation led by the European Commission is probing whether Apple colluded to raise the price of e-books with CBS's Simon & Schuster, News Corp.'s HarperCollins; Hachette Book Group; Pearson's Penguin unit and Macmillan.
Before the release of the iPad, Amazon's Kindle was the preeminent e-book reader on the market. Amazon forced publishers to sell most books at $9.99 - a price that came in below the cost of the books.FULL STORY