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Image credit: AP Photo/Eric Risberg

Your iBooks price fixing credit is on its way

You'll get $6.93 per book thanks to Apple's alleged collusion with publishers.
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AP Photo/Eric Risberg

Don't fret about your piece of Apple's e-book price fixing settlement -- the check is in the mail, virtually speaking. The attorneys behind the class action lawsuit have revealed that digital credits from the case will start reaching book buyers from various online bookstores (including Apple's iBooks as well as Amazon and Barnes & Noble) as early as June 21st. What you'll get depends on what you bought, mind you, and it's not exactly a windfall.

You'll receive a $6.93 credit for every title you bought on the New York Times bestseller list, and $1.57 for every e-book beyond that. While that's twice the estimated losses from Apple's alleged collusion with major publishers, you probably won't go on a spending spree. It certainly won't look as good as other tech-related settlements unless you snapped up a lot of e-books during the relevant period. Look at it this way, though: if you are a bookworm, there'll likely be enough credit for a good summer read.

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