A new lawsuit accuses Amazon of setting the price of e-books

Amazon is facing a new lawsuit alleging that a deal between the company and five book publishers has created higher prices for e-books, the Wall Street Journal reported.

The lawsuit filed by law firm Hagens Berman in a New York federal district court, says publishers pay high fees and other costs to Amazon, which in turn increases the retail price of e-books sold on the platform. Due to the deal between Amazon and publishers – HarperCollins Publishers, Hachette Book Group, Penguin Random House, Simon & Schuster and Macmillan – Amazon’s price is the price publishers charge other retailers as well, preventing other sellers from offering. e-books at lower prices, depending on the cause.

The lawsuit claims that the five publishers account for 80% of books sold in the United States and calls the deal a “conspiracy to fix the retail price of e-books,” which it claims is a violation of antitrust law.

In another e-book lawsuit in 2012, …

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