DOJ Files Major Lawsuit Against Apple, Top Publishers

The United States Department of Justice is taking aim at the world’s most profitable company.

Apple and five of the world’s largest publishers are now in the legal cross-hairs of the federal government.

Today, the DOJ officially filed an antitrust lawsuit against these companies over allegations of e-book price-fixing.

Attorney General Eric Holder said executives said the parties involved conspired to eliminate competition among e-book sellers.

“To effectuate their conspiracy, the publisher defendants teamed up with defendant Apple, which shared the same goal of restraining retail price competition in the sale of e-books,” the lawsuit said.

The five companies named in the lawsuit include Hachette, Harper Collins, Simon & Shuster, Macmillan, and The Penguin Publishing Co. Ltd.

As we understand it, the first three have already reached a settlement with the DOJ.

Apple, Macmillan and Penguin want a fight, or at least that’s what it appears from the lack of a settlement at this point.