We’re finally nearing the end of this saga. Yesterday, Publishers Weekly reported that Macmillan has finalized their e-book settlement with the state and consumer classes. The agreement has been sent to Judge Cote, who is expected to approve it.
The final total for Macmillan was $26 million, $20 million of which is earmarked for consumer compensation. The payout is expected by summer.
I’m hoping that’s also a date for the settlement money due from the other publishers. Last year, I read that Judge Cote would be reviewing the other settlements in February. I haven’t heard anything about that ruling, and I assume she’s waiting to rule on everything at once. If anyone has heard differently, please share it with us.
Of course, Macmillan is claiming no wrong-doing as a part of the settlement. Late last week, Judge Cote denied a jury trial for the Penguin case. While it might have been interesting to see how a jury would have ruled, that’s probably for the best.
This saga grinds slowly and inevitably to a close. Really, publishers, wouldn’t it have been better to have just adapted with the times rather than going through all this? I have to think it would have cost you lots less money.