Amazon should shut down the price-fixing program often called “Bought by Amazon” (SBA) underneath a legally binding decision introduced at this time by Washington State Legal professional Basic Bob Ferguson. Amazon had already suspended this system amid an investigation, however the settlement prevents this system from being restarted.
“The ‘Bought by Amazon’ program allowed the net retailer to agree on worth with third-party sellers, fairly than compete with them,” the announcement mentioned. Ferguson alleged that Amazon violated antitrust legal guidelines by “unreasonably restrain[ing] competitors so as to maximize its personal earnings off third-party gross sales” and that “this conduct constituted illegal price-fixing.”
Ferguson filed a lawsuit in opposition to Amazon and the consent decree in King County Superior Courtroom at this time.
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