E-book Settlement Attracts Scammers

April 02, 2014

E-book Settlement Attracts Scammers
Better Business Bureau says Be Careful with Refund Notices

Better Business Bureau® serving the South Plains is warning consumers to beware of fake versions of an email sent by Amazon and Barnes and Noble. The two companies began sending out refund notices to consumers who bought E-books between April, 2010 and May, 2012, as part of the settlement of a price-fixing lawsuit.

The restitution payments stem from an investigation by 33 state attorneys general into the publishers’ conspiring with Apple, Inc, who were accused of intentionally inflating the price of digital E-books.

The fake email may ask for your personal and financial information before you can receive your refund from Amazon or Barnes and Noble. It is likely a phishing email that may download malicious software to your computer.

Texas E-book purchasers will automatically receive the refund credit in their account or be sent a check for the appropriate amount based on the number of eligible E-books the customer purchased during the claims period of April 1, 2010 to May 21, 2012.

The total cost of the settlement is $155 million, and affects 23 million consumers. The average cost of the payout is about $7.00, depending on how many books were purchased during the claims period. Texas comprises of nearly eight percent of E-book purchasers nationwide with $12.7 million distributed back to Texas accounts.

You can find more information about the lawsuit and settlement at https://ebooksagsettlements.com. If you have questions, you may get in touch with the settlement administrators at 1-866-621-4153 or by email at info@EBooksAGSettlements.com.

BBB encourages consumers who receive a notice of refund or credit to confirm whether the funds appear in their store accounts.