tiprankstipranks

Judge says Amazon must face consumer antitrust suit, Reuters reports

U.S. District Judge Richard Jones in Seattle determined that Amazon will have to face consumer claims that its pricing practices artificially drove up the cost of goods sold by other retailers in violation of U.S. antitrust rules, Reuters’ Mike Scarcella reports. The ruling by the federal judge came in a prospective antitrust class action suit that has estimated damages of $55B-$172B, the author notes. Reference Link

Protect Your Portfolio Against Market Uncertainty

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on AMZN:

Disclaimer & DisclosureReport an Issue