LONDON--Publishing and education company Pearson PLC (PSON.LN)
said Wednesday that Penguin, its consumer publishing business,
reached an agreement with the U.S. State Attorneys General and
private class plaintiffs to pay 75 million dollars in consumer
damages, plus costs and fees, to resolve all antitrust claims
relating to eBook pricing.
MAIN FACTS:
-Also commits to abide by the same injunctive relief as
previously agreed in a settlement with the Department of
Justice.
-Pearson had made a $40 million provision for settlement in its
2012 accounts
-An incremental charge will be expensed in Pearson's 2013
statutory accounts as part of the accounting for the Penguin Random
House joint-venture
-Shares at 1307 GMT up 5 pence or 0.4% 1,367 pence valuing the
company at GBP10.3 billion.
-Write to Ed Ballard at ed.ballard@dowjones.com
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