Scientists File Antitrust Lawsuit Against Six Journal Publishers [Forbes]
John Wiley & Sons, Inc. (WLY)
Company Research
Source: Forbes
A group of academic scientists has brought a federal antitrust lawsuit against six publishers of academic journals alleging they engaged in a conspiracy that allows them to sustain huge profits at the expense of scientific progress. The defendant publishers are Elsevier, Wolters Kluwer, John Wiley & Sons, Sage Publications, Taylor and Francis, and Springer Nature. In the suit , filed by the Lieff Cabraser law firm and co-counsel at Justice Catalyst Law, the plaintiffs claim the defendants engaged in a three-part “scheme” to: Lower labor costs by agreeing not to compensate scholars for performing their peer review services; Reduce competition by requiring scholars to submit their manuscripts to only one journal at a time; and Control access to scientific information by prohibiting scholars from freely sharing their research while their manuscripts are under peer review. The three elements of the scheme are each individually unlawful under Section 1 of the Sherman Act accor
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