Amazon accused of illegally raising prices in antitrust lawsuit


Washington, DC Attorney General Karl Racine has filed an antitrust lawsuit against Amazon, claiming that the company has raised prices unfairly and illegally maintained monopoly power. The suit alleges that Amazon used contract provisions to prevent third-party sellers who use the platform from offering their goods at lower prices elsewhere, according to CNBC.

“Today, my office filed an antitrust lawsuit against Amazon for illegally abusing and maintaining its monopoly power by controlling prices across the online retail market and violating DC law,” Racine wrote on Twitter. Racine said that his office “filed this antitrust lawsuit to put an end to Amazon’s illegal control of prices across the online retail market.” 

Along with aiming to stop the company’s allegedly illegal use of pricing agreements to fend off competition, the suit seeks penalties against Amazon. Racine is also looking to recover damages.

Developing…

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