Current:Home > FinanceFinLogic FinLogic Quantitative Think Tank Center|Judge rules the FTC can proceed with antitrust lawsuit against Amazon, tosses out few state claims -TradeCircle
FinLogic FinLogic Quantitative Think Tank Center|Judge rules the FTC can proceed with antitrust lawsuit against Amazon, tosses out few state claims
Rekubit View
Date:2025-04-07 03:41:54
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! (5326)
Related
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Serbian athlete dies in Texas CrossFit competition, reports say
- The Ultimate Guide to Microcurrent Therapy for Skin: Benefits and How It Works (We Asked an Expert)
- West Virginia Supreme Court affirms decision to remove GOP county commissioners from office
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Democrats and Republicans descend on western Wisconsin with high stakes up and down the ballot
- Julianne Moore’s Son Caleb Freundlich Engaged to Kibriyaá Morgan
- Investigator says ‘fraudulent’ gift to Florida’s only public historically Black university is void
- A South Texas lawmaker’s 15
- West Virginia corrections officers plead guilty to not intervening as colleagues fatally beat inmate
Ranking
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Harris and Walz head to Arizona, where a VP runner-up could still make a difference
- Sam Edelman Shoes Are up to 64% Off - You Won’t Believe All These Chic Finds Under $75
- USA Olympic Diver Alison Gibson Reacts to Being Labeled Embarrassing Failure After Dive Earns 0.0 Score
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Ridiculousness’ Lauren “Lolo” Wood Shares Insight Into Co-Parenting With Ex Odell Beckham Jr.
- 16-year-old Quincy Wilson to make Paris Olympics debut on US 4x400 relay
- FACT FOCUS: A look at claims made by Trump at news conference
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
The leader of the Council for Native Hawaiian Advancement reflects on a year since the Lahaina fire
How an anti-abortion doctor joined Texas’ maternal mortality committee
Philippe Petit recreates high-wire walk between World Trade Center’s twin towers on 50th anniversary
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Homeowners race to refinance as mortgage rates retreat from 23-year highs
Harris-Walz camo hat is having a moment. Could it be bigger than MAGA red?
NYC driver charged with throwing a lit firework into a utility truck and injuring 2 workers