Apple Is Doling Out $400 Million in Refunds: Are You Owed?

Photo (cc) by Mori aka ICE

In March, Apple agreed to pony up $450 million to settle a 2012 class-action lawsuit that claimed that Apple conspired with a handful of book publishers to bump up the price of electronic books. Now $400 million of the settlement money is being used to issue refunds to affected consumers.

I just received $38.06 from Apple as a part of the settlement. My refund is available as a credit on Amazon and expires on June 24, 2017. My husband received notification today that he is getting a whopping $114.56 as part of the Apple eBooks Antitrust Settlement. Both my husband and I were notified by email of the credits we received.

If you purchased an e-book from one of the publishers involved in the alleged price-fixing between April 1, 2010, and May 21, 2012, chances are good that a refund will reach you soon. The affected book publishers include Hachette, HarperCollins, Macmillan, Penguin Group USA, and Simon & Schuster, Consumerist reports.

While most books are credited at $1.57, according to Consumerist, books that were on the New York Times best-seller list are credited at $6.93.

This is the final chapter in a nearly four-year legal battle over Apple’s role in the alleged price-fixing scheme.

For more information on the refunds and the Apple lawsuit, including (if you did not receive an email) how to find out if you’re owed a refund, click here.

Do you think the settlement is enough to deter future price-fixing? Did you receive a refund? Sound off below or on our Facebook page.

How to find cheaper car insurance in minutes

Getting a better deal on car insurance doesn't have to be hard. You can have The Zebra, an insurance comparison site compare quotes in just a few minutes and find you the best rates. Consumers save an average of $368 per year, according to the site, so if you're ready to secure your new rate, get started now.

Read Next
5 Ways Anyone Can Save on Out-of-Pocket Health Care Costs
5 Ways Anyone Can Save on Out-of-Pocket Health Care Costs

Here’s how to lower your health care costs without skimping on care.

11 Expenses That Quietly Drain Your Wallet
11 Expenses That Quietly Drain Your Wallet

It’s scandalously easy to overspend in these areas of your life.

10 Common Ways Seniors Get Scammed
10 Common Ways Seniors Get Scammed

Here’s what to watch for to make sure you don’t fall prey to some of the biggest rip-offs targeting seniors.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Comments

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.

Trending Stories