Amazon says Kindle users are entitled to e-book refunds
CHICAGO (REUTERS) - Owners of Amazon.com's Kindle e-readers will receive refunds on past e-book purchases and see e-book prices drop if a judge approves legal settlements with publishers accused of fixing prices, according to the Internet retailer.
Amazon told Kindle owners in emails on Saturday that they could receive a refund of between 30 US cents and US$1.32 for e-books they bought between April 2010 and May 2012. The books must have been published by three publishers who have agreed to settle a lawsuit that accused them of inflating e-book prices.
The settlements are subject to court approval, and a hearing is scheduled for February. If approved, the settlements would also limit the publishers' ability to set future e-book prices, which should lead to lower costs for Kindle users, according to Amazon.
"We think these settlements are a big win for customers and look forward to lowering prices on more Kindle books in the future," Amazon told customers in the emails. Amazon did not immediately respond to questions on Saturday about how many customers could be affected.