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Amazon wins partial dismissal of US FTC’s antitrust lawsuit By Reuters

by Index Investing News
October 1, 2024
in Stocks
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(Reuters) -Amazon.com Inc gained partial dismissal of a U.S. Federal Commerce Fee’s lawsuit accusing it of sustaining unlawful monopolies, although the small print of the ruling by a federal courtroom in Seattle on Monday weren’t instantly clear.

The FTC has accused the web retailer of utilizing anti-competitive techniques to take care of dominance amongst on-line superstores and marketplaces. Amazon (NASDAQ:) requested U.S. District Decide John Chun to dismiss the case in December, saying the FTC had raised no proof of hurt to customers.

Chun issued a sealed ruling, partially granting Amazon’s movement. The FTC will probably be allowed to proceed to pursue any claims the choose didn’t completely dismiss, courtroom information confirmed.

Chun additionally dominated the case will probably be tried in two elements, rejecting Amazon’s bid to have the FTC current proof of the alleged violations and its proposed cures in the identical trial.





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