Lawsuit Accuses Amazon of 'Conspiracy to Fix Retail Price of E-books'

Amazon.com Inc., which originally came up with the idea of charging bargain-basement prices for electronic books, is now being accused of forcing customers on other book sites to pay too much for them. A lawsuit filed in a federal district court in New York alleges that a deal between Amazon and five major book publishers has led to higher e-book prices for all consumers, because it prevents rival retailers from selling any of these publishers’ e-books at a lower price than on Amazon.