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|Subject: Kindle e-readers will receive refunds||Date: 10/14/2012 10:17 PM|
|Author: desertdaveataol||Number: 3250 of 3295|
(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 cents and $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.
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