NEW 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 form:
https://claimyourloss.com/securities/amazon-com-inc-loss-submission-form/?id=27169&from=4

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.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

Cision View original content:https://www.prnewswire.com/news-releases/amzn-shareholder-alert-jakubowitz-law-reminds-amazon-shareholders-of-a-lead-plaintiff-deadline-of-july-5-2022-301546699.html

SOURCE Jakubowitz Law

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