Current:Home > FinanceFinLogic FinLogic Quantitative Think Tank Center|Judge rules the FTC can proceed with antitrust lawsuit against Amazon, tosses out few state claims -InfinityFinance
FinLogic FinLogic Quantitative Think Tank Center|Judge rules the FTC can proceed with antitrust lawsuit against Amazon, tosses out few state claims
NovaQuant Quantitative Think Tank Center View
Date:2025-04-09 19:33:29
A federal judge said the Federal Trade Commission can FinLogic FinLogic Quantitative Think Tank Centerproceed with its landmark antitrust lawsuit against Amazon. But, he also gave the company a small victory by tossing out a few claims made by states involved in the legal fight.
The order, issued last week by Judge John H. Chun and unsealed on Monday, is a major defeat for Amazon, which has tried for months to get the case tossed out in court. A trial in the case is slated to be held in October 2026.
“We are pleased with the court’s decision and look forward to moving this case forward,” FTC spokesperson Doug Farrar said in a prepared statement. “The ways Amazon illegally maintains its monopolies and the harm they cause—including suppressed competition and higher prices for shoppers and sellers—will be on full display at trial.”
The FTC and the attorneys general of 18 states, plus Puerto Rico, have alleged in court the e-commerce behemoth is abusing its position in the marketplace to inflate prices on and off its platform, overcharge sellers and stifle competition that pops up on the market.
The lawsuit, which was filed in September 2023, is the result of a yearslong investigation into the company’s business and is one of the most significant legal challenges brought against Amazon in its nearly 30-year history.
U.S. regulators and state attorneys general are accusing the online retailer of violating federal and state antitrust and consumer protection laws.
In the order, Judge Chun, of the U.S. District Court for the Western District of Washington, allowed the federal challenges and many of the state claims to proceed. But he dismissed some claims made by New Jersey, Pennsylvania, Oklahoma and Maryland under state antitrust or consumer protection laws.
Amazon, for its part, expressed confidence that it could prove its argument in court as the case proceeds
“The ruling at this early stage requires the court to assume all facts alleged in the complaint are true. They are not,” Tim Doyle said in a statement, adding that the agency’s case “falsely” claims consumers only consider popular sites Walmart.com, Target.com, Amazon, and eBay when shopping for household products.
“Moving forward the FTC will have to prove its claims in court, and we’re confident those claims will not hold up when the FTC has to prove them with evidence,” Doyle said. He also asserted the FTC’s approach “would make shopping more difficult and costly.”
The FTC is also suing Meta Platforms over alleged monopolistic practices, while the Department of Justice has brought similar lawsuits against Apple and Google, with some success.
In August, a federal judge ruled that Google’s ubiquitous search engine is illegally exploiting its dominance to squash competition and stifle innovation.
veryGood! (325)
Related
- South Korean president's party divided over defiant martial law speech
- See the first photos of 'Beetlejuice Beetlejuice' cast, including Michael Keaton
- Nationwide tech hiccup interferes with US driver’s license offices
- What channel is truTV? How to watch First Four games of NCAA Tournament
- Meta releases AI model to enhance Metaverse experience
- Beyoncé will receive the Innovator Award at the 2024 iHeartRadio Music Awards
- Scott Boras addresses frustrating offseason of unsigned high-profile baseball players
- Energy agency announces $475M in funding for clean energy projects on mine land sites
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Dancing With the Stars' Peta Murgatroyd and Maks Chmerkovskiy Reveal Sex of Baby
Ranking
- Questlove charts 50 years of SNL musical hits (and misses)
- Virginia Tech standout Elizabeth Kitley to miss NCAA women's tournament with knee injury
- Why Jim Nantz isn't calling any March Madness games this year
- Federal Reserve March meeting: Rates hold steady; 3 cuts seen in '24 despite inflation
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Not Sure How To Clean a Dishwasher or Washing Machine? These Pods are on Sale for $14 & Last a Whole Year
- Former Nickelodeon producer Dan Schneider responds to Quiet on Set accusations
- This Real Housewives of Beverly Hills Star Is Leaving After Season 13
Recommendation
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
After beating cancer, Myles Rice hopes to lead Washington State on an NCAA Tournament run
President Biden releases his brackets for 2024 NCAA March Madness tournaments
Conor McGregor Shares Rare Comment About Family Life
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Famed battleship USS New Jersey floating down Delaware River to Philadelphia for maintenance
In Japan, Ohtani’s ‘perfect person’ image could take a hit with firing of interpreter over gambling
California voters approve Prop. 1, ballot measure aimed at tackling homeless crisis