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SERVED Justice Department to Sue Apple AFP / Getty Images

Justice Department to Sue Apple

The Justice Department announced Wednesday that it will file suit against Apple and several top publishers, alleging that their pricing of iPad books is illegal price collusion. E-book prices differ from the prices of physical books because they are set by the publisher, rather than the seller, in a system pushed by the late Steve Jobs. Hachette, HarperCollins, Macmillan, and Penguin are also included in the suit, which was announced the day after Apple’s value surpassed $600 billion.

April 11, 2012 10:34 AM