Courtesy photo 'Plausible' Monopoly Allegations?: DC Appeals Court Revives Amazon Antitrust Complaint
"Viewed as a whole, the District's allegations about Amazon's market share and maintenance of its market power through the challenged agreements plausibly suggest that Amazon either already possesses monopoly power over online marketplaces or is close to a 'dangerous probability of achieving monopoly power,'" D.C. Court of Appeals Judge Corinne Beckwith wrote.
August 23, 2024 at 03:43 PM
3 minute read
Antitrust
What You Need to Know
- An appeals court panel ruled the District of Columbia plausibly alleged Amazon violated the D.C. Antitrust Act.
- The D.C. Court of Appeals reversed the trial court judgment and remanded the case to D.C. Superior Court for further proceedings.
- Paul, Weiss, Rifkind, Wharton & Garrison represents Amazon in the revived D.C. lawsuit.
A District of Columbia appeals court panel revived D.C. Attorney General Brian Schwalb's antitrust lawsuit against Amazon.com Inc. in a Thursday decision overturning the trial court's dismissal of the case.
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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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