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Washington, DC attorney general filing antitrust lawsuit against Amazon com - Racine
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Washington DC sues Amazon over e-commerce domination
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Washington sues Amazon, alleging its policies lead to higher online prices everywhere By Irina Ivanova The rise of Amazon and CEO Jeff Bezos
Washington, D.C. s attorney general is suing Amazon on antitrust grounds, claiming the world s largest online retailer artificially inflates product prices online through the agreements it imposes on smaller sellers.
In a lawsuit filed in the District of Columbia court Tuesday, Attorney General Karl Racine takes aim at the e-commerce giant s contract provisions with third-party sellers, alleging they break the District s anti-monopoly laws.
Until 2019, Amazon banned sellers on its platform from selling items for a lower price outside of Amazon. That year, under increased scrutiny from lawmakers, Amazon changed its policy from an outright ban on lower prices elsewhere to a warning that companies who did offer lower prices outside of Amazon s platform could be demoted or banned from selling there, according to the suit.
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Signage is seen at an Amazon facility in Bethpage on Long Island in New York, U.S., March 17, 2020. REUTERS/Andrew Kelly/File Photo
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Washington, DC s attorney general filed a lawsuit against Amazon.com (AMZN.O) on Tuesday, alleging the online retailer broke antitrust law by requiring that third-party sellers not offer better deals for their products elsewhere.
Attorney General Karl Racine said Amazon requires third party sellers to give its customers the same or better prices than they offer elsewhere.
But since Amazon s prices include fees, which can run as high as 40 percent of the total price, Racine said the policy could make prices for the same product more expensive on platforms that compete with Amazon.
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