Book publisher Penguin is trending as it has settled with the U.S. Department of Justice over charges of e-book price-fixing. Federal prosecutors in April alleged that five book publishers -- along with Apple ( AAPL) -- worked together on artificially hiking prices. Now, Penguin has joined Hachette Book Group, HarperCollins Publishers and Simon & Schuster in agreeing to settle. As part of its settlement, Penguin will terminate its existing contracts with Apple and not enter into any new agreements that would prevent retailers from offering discounted Penguin e-books for two years. According to a statement it released, Penguin confirmed it is settling the claims, but maintains that it has done nothing wrong. The settlement still needs court approval. The Department of Justice said consumers are benefiting from the settlements by paying lower prices for e-books from those publishers.
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