amazon FTC – pressnews

[ad_1] The Federal Trade Commission and 17 state attorney generals filed an antitrust lawsuit against Amazon on Tuesday, alleging the e-commerce behemoth uses its position in the marketplace to inflate prices on other platforms, overcharge sellers and stifle competition.The lawsuit, filed in U.S. District Court for the Western District of Washington, is the result of a years-long investigation into Amazon's businesses and one of the most significant legal challenges brought against the company in its nearly 30-year history. According to a news release sent by the agency, the FTC and states that joined the lawsuit are asking the court to issue a permanent injunction court that they say would prohibit Amazon from engaging in its unlawful conduct and loosen its “monopolistic control to res...

[ad_1] Lina Khan's Federal Trade Commission has already filed three cases against Amazon.com Inc. Now she's gearing up for the Big One.In the coming weeks, the agency plans to file a far-reaching antitrust suit focused on Amazon's core online marketplace, according to documents reviewed by Bloomberg and three people familiar with the case. The main allegation is expected to be that Amazon leverages its power to reward online merchants that use its logistics services and punish those who don't. FTC investigators and Khan's office have been honing the complaint for several months, two of the people said, and finalizing key details such as where to file suit. Khan and her colleagues are keen to file before personnel changes in August, according to the people, who cautioned that the timing ...

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Amazon sued by FTC over allegations it inflates online prices and overcharges sellers

Lina Khan is coming for Amazon, armed with an FTC antitrust suit