YORK, Aug. 19, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Amazon.com, Inc. (NASDAQ:
To receive updates on the lawsuit, fill out
This lawsuit is on behalf of all persons or entities that
purchased or otherwise acquired shares of Amazon common stock
between July 30, 2021, and
April 28, 2022, inclusive.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
September 6, 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: 1) defendants knew or recklessly disregarded
that the Company's infrastructure and fulfillment network
investments substantially outpaced demand; 2) those investments
were a massive, self-imposed, undue drain on Amazon's financial
condition; 3) contrary to defendants' public statements and
undisclosed to investors, defendants had already implemented
cutbacks to Amazon's fulfillment capacity by July 2021; and 4) as a result of defendants'
misrepresentations and omissions, Amazon's common stock traded at
artificially inflated prices during the class period.
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