Penguin Settles E-Book Pricing Case for $75 Million

Pearson's Penguin said it would pay $75 million in damages plus costs and fees as part of an agreement with the United States over alleged price-fixing in the e-book market. Pearson, which will take an extra provision on its accounts this year after setting aside $40 million in 2012, had already reached an agreement with the U.S. Justice Department in the e-book pricing case.