An investigation on behalf of current long term investors in Amazon.com, Inc. (NASDAQ:AMZN) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 09/14/2022 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Amazon.com, Inc..
Investors who are current long term investors in Amazon.com, Inc. (NASDAQ: AMZN) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: AMZN stocks follows a lawsuit filed against Amazon.com, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: AMZN stocks, concerns whether certain Amazon.com, Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Western District of Washington the plaintiff alleges that, the Defendants made false and/or misleading statements and/or failed to disclose that Amazon.com, Inc. engaged in anticompetitive conduct in its private-label business practices, including giving Amazon.com, Inc. products preference over those of its competitors and using third-party sellers' non-public data to compete with them, that the foregoing exposed Amazon.com, Inc. to a heightened risk of regulatory scrutiny and/or enforcement actions, that Amazon's revenues derived from its private-label business were in part the product of impermissible conduct and thus unsustainable, and that as a result, the Defendants' public statements between February 1, 2019, and April 5, 2022were materially false and/or misleading.
Those who purchased shares of Amazon.com, Inc. (NASDAQ: AMZN) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.