AMZN LAWSUIT ALERT: Levi & Kor

NEW YORK, June 9, 2022 /PRNewswire/ — Levi & Korsinsky, LLP notifies investors in Amazon.com, Inc. (“Amazon” or the “Company”) (NASDAQ: AMZN) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Amazon investors who were adversely affected by alleged securities fraud between February 1, 2019 other April 5, 2022. Follow the link below to get more information and be contacted by a member of our team:

Amazon.com, Inc. Loss Submission Form

AMZN investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) Amazon engaged in anti-competitive 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 previously 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.

WHAT’S NEXT? If you suffered a loss in Amazon during the relevant time frame, you have until July 5, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

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SOURCE Levi & Korsinsky, LLP

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