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

by Index Investing News
October 1, 2024
in Stock Market
Reading Time: 3 mins read
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(Reuters) -Amazon.com Inc gained partial dismissal of a U.S. Federal Commerce Charge’s lawsuit accusing it of sustaining illegal monopolies, though the small print of the ruling by a federal courtroom in Seattle on Monday weren’t immediately clear.

The FTC has accused the net retailer of using anti-competitive methods to handle dominance amongst on-line superstores and marketplaces. Amazon (NASDAQ:) requested U.S. District Resolve John Chun to dismiss the case in December, saying the FTC had raised no proof of harm to clients.

Chun issued a sealed ruling, partially granting Amazon’s motion. The FTC will in all probability be allowed to proceed to pursue any claims the select didn’t fully dismiss, courtroom data confirmed.

Chun moreover dominated the case will in all probability be tried in two components, rejecting Amazon’s bid to have the FTC present proof of the alleged violations and its proposed cures within the equivalent trial.

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