Settlement Approved Between DOJ & Three Publishers

The e-book settlement between Hachette, Simon & Schuster, and HarperCollins and the Department of Justice was approved by US District Court judge Denise Cote yesterday. The settlement calls for publishers to end their contracts with Apple within one week, and to cancel any contracts with e-book retailers that restrain the retailer’s ability to set the price of an e-book or that contains a “most favored nation” clause that denies other retailers the right to price the books lower.

For more, see the New York Times post.