Amazon faces class-action over ebook pricing

Amazon faces a class action suit over ebook pricing.

The e-commerce giant is accused of inflating prices in collusion with the five largest publishers in the U.S.

The firms allegedly agreed to price restraints on ebooks purchased from them, through a retail platform other than Amazon.

That may have left consumers overpaying.

Earlier this week the state of Connecticut said it was investigating Amazon for potential anti-competitive behaviour in digital books.

There was no comment on the latest reports from the online retailer.

According to the lawsuit, about 90% of ebooks are sold through Amazon.

The action has been brought by law firm Hagens Berman.

Back in 2011 it filed a similar suit against Apple and the so-called Big Five publishers.

Video Transcript

- Amazon faces a class action suit over e-book pricing. The e-commerce giant is accused of inflating prices in collusion with the five largest publishers in the US. The firms allegedly agreed to price restraints on e-books purchased from them through a retail platform other than Amazon. That may have left consumers overpaying.

Earlier this week, the state of Connecticut said it was investigating Amazon for potential anti-competitive behavior in digital books. There was no comment on the latest reports from the online retailer. According to the lawsuit, about 90% of e-books are sold through Amazon. The action has been brought by law firm Hagens Berman. Back in 2011, it filed a similar suit against Apple and the so-called Big Five publishers.