NEW YORK–(BUSINESS WIRE)–WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Amazon.com, Inc. (NASDAQ: AMZN) securities between February 1, 2019 and April 5, 2022 inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court no later than July 5, 2022.
SO WHAT: If you purchased Amazon titles during the Class Period, you may be entitled to compensation without payment of any disbursements or fees through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Amazon class action, go to https://rosenlegal.com/submit-form/?case_id=5465 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court no later than July 5, 2022. A lead plaintiff is a representative party acting on behalf of the other class members to direct the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Amazon engaged in anti-competitive behavior in its private label business practices, including giving preference to Amazon’s products over those of its competitors and using third-party sellers’ non-public data to compete with them; (2) the foregoing exposed Amazon to increased risk of regulatory review and/or enforcement action; (3) Amazon’s revenue from its private label business was in part the product of impermissible and therefore unsustainable conduct; and (4) as a result, the defendants’ public statements throughout the Class Period were materially false and/or misleading. When the real details entered the market, the lawsuit claims investors suffered damages.
To join the Amazon class action, also go to https://rosenlegal.com/submit-form/?case_id=5465 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.
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