A class action lawsuit has been filed in the USDC, W.D. WA., on behalf of purchasers of the securities of Amazon.com, Inc. (NASDAQ: AMZN) between February 1, 2019 and April 5, 2022, inclusive (the “Class Period”).
According to the Complaint, Amazon.com, Inc. is a multinational technology company that engages primarily in the businesses of e-commerce, cloud computing, digital streaming, and artificial intelligence.
- 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;
- the foregoing exposed Amazon to a heightened risk of regulatory scrutiny and/or enforcement actions;
- Amazon’s revenues derived from its private-label business were in part the product of impermissible conduct and thus unsustainable; and
- as a result, the Defendants’ public statements throughout the Class Period were materially false and/or misleading.
If you suffered a loss on your investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below.
An attorney will contact you at no cost to provide you information about joining the action and answer your questions. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.