Tags:

Amazon.com, Inc.


A securities class action has been filed against Amazon.com, Inc. (AMZN) on behalf of a class consisting of all persons and entities other than Defendants that purchased Amazon securities between February 1, 2019 through April 5, 2022.  This case has been filed in the USDC – W.D.WA.

The filed complaint alleges that defendants made false statements and/or concealed that: (i) Amazon engaged in anticompetitive conduct in its private-label business practices, including giving Amazon products preference over those of its competitors and using third-party sellers’ non-public data to compete with them; (ii) the foregoing exposed Amazon to a heightened risk of regulatory scrutiny and/or enforcement actions; (iii) Amazon’s revenues derived from its private-label business were in part the product of impermissible conduct and thus unsustainable; and (iv) as a result, the defendants’ public statements throughout the class period were materially false and/or misleading.

Tags:

Securities