Lawsuit Filed Against Amazon Seeks Damages for 100 Million Customers
A new lawsuit against Amazon claims that its Marketplace platform for third-party sellers harms competition by penalizing merchants who sell products on other platforms for lower prices than they offer on Amazon.com. The online retailer raises prices for consumers by taking action against sellers that offer goods at a lower price elsewhere, suspending their accounts or making it harder for buyers to find their products, the suits contend.
Additionally, Amazon forces consumer to pay more for products by charging merchants “referral fees,” which they have to pay in order to sell their products on one of the largest marketplaces in the world.
Amazon customers filed the class action lawsuit Wednesday in a Washington federal court, alleging violations of the Sherman Act, including monopolization.
The online retailer giant’s “policy of overcharging consumers is woven into the fabric of Amazon’s existence,” plaintiff Megan Smith alleges.
Smith is looking to represent a nationwide class of more than 100 million consumers who bought items through Amazon since May 2017. She’s seeking damages, costs, fees, and an order preventing Amazon’s alleged violations of law in the future.
Lower Spend - Chase Ink Business Preferred® 100K!
Chase Ink Business Preferred® is a powerful card that earns 3X Ultimate Rewards points in a broad range of business categories on the first $150K in spend per year. Right now earn 100K Chase Ultimate Rewards points after Learn more about this card and its features!
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
