| Class Action Giant Sues Labels |
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One of the biggest names in class-action lawsuits has filed a complaint in federal court accusing major music labels of fixing prices for Internet music downloads and CDs, the court reported Thursday. San Diego lawyer William Lerach’s suit says that Sony BMG, Universal Music, Time Warner, Bertelsmann, and EMI fought together to keep the online music market from emerging, and then “conspired to fix and maintain” music prices once services like Apple’s highly successful iTunes became inevitable. Lerach's firm filed the suit on behalf of 11 plaintiffs who purchased music online or on CDs, and on behalf anyone who has "paid inflated prices" for music. |