Photo: Mike Scarcella/ALM Amazon Faces EU Antitrust Probe
The case is the latest in an EU-fronted onslaught against the dominant US tech giants.
November 10, 2020 at 07:21 AM
2 minute read
The European Commission has launched a formal investigation into whether Amazon has breached EU antitrust rules by abusing its dominant market position by "distorting competition" and harming smaller merchants.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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