Amazon has deep bench of defense lawyers to fight US FTC lawsuit

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

The U.S. Federal Trade Commission’s monopoly lawsuit against Amazon.com filed on Tuesday poses perhaps the biggest legal test so far for the platoons of lawyers who have defended the technology giant for years against allegations of antitrust and consumer protection violations. The long-awaited FTC case against Amazon, joined by 17 state attorneys general, accuses the company of abusing its dominance as an online retailer to thwart competitors and harm sellers and customers that rely on its platform. Kevin Hodges, a partner at law firm Williams & Connolly, was the first member of Amazon's defense team identified in a court document in the case.

China's electric-vehicle sales continue to grow. Naturally, industry experts think a move into the US could be imminent.The Łutsel K'e Dene First Nation in N.W.T. is accusing the now-suspended CEO of its economic arm of not only using his position and authority to steal millions, but also to get himself a house in Yellowknife.

Most Read from BloombergDimon Warns 7% Fed Rate Still Possible, Times of India SaysIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownApple’s $59 Fake-Suede iPhone Case Is Its Biggest Dud of 2023Costco Offers MeAlmost three-quarters of all seaborne Russian crude oil managed to get shipped without Western insurance in August, per a Financial Times analysis.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTC 'pushing the boundaries' with Amazon suit: Fmr. FTC commissionerThe Federal Trade Commission is suing Amazing (AMZN) for 'illegally maintaining monopoly power,' alleging the tech giant wielded that power to 'inflate prices, degrade quality, and stifle innovation for consumers and businesses.' In a statement, Amazon refutes the charges, saying in part, 'the practices the FTC is challenging have helped to spur competition and innovation across the retail industry.' Former FTC Commissioner Mozelle Thompson tells Yahoo Finance Live that the FTC is 'pushing the boundaries' with the suit. Thompson says the FTC has two goals 'change the law as it currently stands' and 'to condition the market to think a little differently,' adding that the regulatory body may be trying to provide 'a little bit of a chilling effect' to let large companies know that 'someone will be policing their actions.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »