According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that:
- 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.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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