FILE PHOTO: The Amazon logo appears on the door of an Amazon Books retail store in New York City, United States on February 14, 2019. REUTERS / Brendan McDermid
(Reuters) – Amazon.com Inc was hit Thursday with a class action lawsuit accusing the e-commerce giant of raising e-book prices in consultation with some publishers.
The lawsuit alleges that Amazon and the five largest US publishers, collectively known as the “Big Five,” have agreed to price restrictions that result in consumers being unable to buy e-books on a retail platform other than Amazon.com have to overpay. (refini.tv/2MXXVqs)
The lawsuit comes a day after Connecticut announced it was investigating Amazon for potential anti-competitive behavior in the sale of digital books.
Amazon declined to comment.
About 90% of eBooks are sold on Amazon, the largest US eBook seller.
Hagens Berman law firm, which brought the case, filed a similar lawsuit against Apple Inc and the ‘Big Five’ over e-book prices in 2011.
Reporting by Arundhati Sarkar in Bengaluru; Adaptation by Shailesh Kuber