Recent Securities Litigations

Amazon.com Inc. Common Stock (NASDAQ: AMZN)

40 Days left to seek lead plaintiff status.

Company Name:Amazon.com Inc. Common Stock
Stock Symbol:NASDAQ: AMZN
Class Period Start:02/01/2019
Class Period End (inclusive):04/05/2022
Filing Deadline:07/05/2022

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose 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.

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