YORK, May 13, 2022 /PRNewswire/
-- Jakubowitz Law announces that a securities fraud class
action lawsuit has commenced on behalf of shareholders of
Amazon.com, Inc. (NASDAQ: AMZN).
To receive updates on the lawsuit, fill out the
The lawsuit seeks to recover losses for shareholders who
purchased Amazon between February 1,
2019 and April 5, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
July 5, 2022 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Amazon.com, Inc. issued
materially 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.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
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SOURCE Jakubowitz Law