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FTC AND 17 STATES SUE AMAZON FOR PRICE INFLATION AND UNFAIR SELLER PRACTICES
The Daily Guardian
|September 28, 2023
US regulators and 17 states are suing Amazon over allegations the e-commerce behemoth abuses its position in the marketplace to inflate prices on and off its platform, overcharge sellers and stifle competition.
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The lawsuit, filed Tuesday in federal court in Amazon’s home state of Washington, is the result of a years-long investigation into the company’s businesses and one of the most significant legal challenges brought against it in its nearly 30-year history.
The Federal Trade Commission and states that joined the lawsuit allege Amazon is violating federal and state antitrust laws. They are asking the court to issue a permanent injunction that they say would prohibit Amazon from engaging in its unlawful conduct and loosen its “monopolistic control to restore competition”.
This story is from the September 28, 2023 edition of The Daily Guardian.
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