A lawsuit may still be avoided as several of the parties may try to settle out of court. This could lead to cheaper prices for e-books, potentially, said sources close to the situation.
The story was first profiled in The Wall Street Journal.
Including Apple, five book publishers are also included in the potential lawsuit. Simon & Schuster, a division of CBS (CBS); Penguin Group, a division of Pearson (PSO); French book publisher Hachette Book Group; Macmillan, a division of Verlagsgruppe Georg von Holtzbrinck GmbH; and HarperCollins Publishers, a division of News Corp. (NWSA).E-book pricing has also been an issue for Apple in Europe as well as the United States. In late 2011, the European Commission launched a probe into whether Apple and these same five publishing houses raised prices for e-books illegally in 2010. Apple couldn't immediately be reached for comment for this story. Apple shares were up 1.3% in Thursday trading to $537.57. Interested in more on Apple? See TheStreet Ratings' report card for this stock. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices. -- Written by Chris Ciaccia in New York >To follow the writer on Twitter, go to http://twitter.com/commodity_bull. >To submit a news tip, send an email to: firstname.lastname@example.org
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