NEW
YORK, June 24, 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=29043&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
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SOURCE Jakubowitz Law