The US Justice Department is suing technology company Apple and five book publishers for price fixing.

The Department apparently has evidence of meetings between book publishing CEOs involved in negotiating prices amongst themselves, and of the late Apple CEO Steve Jobs laying out a blatant price fixing plan.

The publishers are accused of significantly raising e-book prices above those of their competitors, with Apple scooping up a hefty share of the profits.

Rob Reynolds reports from the Apple headquarters in Cupertino, California.