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FTC, 17 States Sue Amazon For Inflating Online Prices
- By The Financial District
- Sep 28, 2023
- 1 min read
US regulators and 17 states are suing Amazon over allegations that the e-commerce giant abuses its position in the marketplace to inflate prices both on and off its platform, overcharge sellers, and stifle competition, Haleluya Hadero reported for the Associated Press (AP).
The Federal Trade Commission (FTC) and the states joining the lawsuit allege that Amazon is violating federal and state antitrust laws. I Photo: GoToVan Flickr
The lawsuit, filed on Tuesday in federal court in Amazon's home state of Washington, is the result of a yearslong investigation into the company's businesses and represents one of the most significant legal challenges brought against it in its nearly 30-year history.
The Federal Trade Commission (FTC) and the states joining the lawsuit allege that Amazon is violating federal and state antitrust laws.
They are seeking a court-issued permanent injunction that would prohibit Amazon from engaging in its unlawful conduct and loosen its "monopolistic control to restore competition."
The complaint accuses the company of participating in anti-competitive practices through measures that discourage sellers from offering lower prices for products on non-Amazon sites, echoing allegations made in a separate lawsuit filed last year by the state of California.
