A federal judge has determined that Amazon may be legally accountable for claims that the company has employed pricing practices to raise the cost of goods sold by other retailers, which is in violation of US antitrust law.
The ruling by US District Judge Richard Jones in Seattle on Friday came in a prospective antitrust class action that has estimated damages of between $55 billion to $172 billion.
In 2020, a collective suit was brought forward by residents of 18 states, including Virginia, Texas, California, Florida and Illinois. Its main aim was to dispute the policy set by Amazon that provides retailers with no abilities to lower prices for goods sold on other platforms if they still wish their product to be available via the Amazon Marketplace.
Related: California’s AG Files Antitrust Lawsuit Against Amazon
Jones’ order trimmed the lawsuit but said consumers can move ahead with their case.
Plaintiffs lawyer Steve Berman of Hagens Berman Sobol Shapiro, a lead attorney for the proposed class, said “Amazon’s main arguments are rejected,” and called the ruling “good news for tens of millions of consumers who have been overcharged by Amazon.”
Featured News
Prime Therapeutics Found in Violation of Antitrust Laws, Arbitrator Rules
Jan 23, 2025 by
CPI
Honda and Nissan Face Challenges in China Amid Potential Merger
Jan 23, 2025 by
CPI
Trump Criticizes EU’s Tech Crackdown, Calls It ‘A Form of Taxation’
Jan 23, 2025 by
CPI
Meta Faces Fresh Allegations of EU Law Breaches in Subscription Service Rollout
Jan 23, 2025 by
CPI
European Commission Investigates Crypto Rules for Cross-Border Stablecoins
Jan 23, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon