Levi & Korsinsky, LLP announces that a AMZN class action lawsuit has been filed on behalf of investors who purchased Amazon.com, Inc. (AMZN) common stock between July 30, 2021, and April 28, 2022. For more on the AMZN Lawsuit please contact us today.
According to the Amazon.com, Inc. lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:
1) defendants knew or recklessly disregarded that the Company’s infrastructure and fulfillment network investments substantially outpaced demand; 2) those investments were a massive, self-imposed, undue drain on Amazon’s financial condition; 3) contrary to defendants’ public statements and undisclosed to investors, defendants had already implemented cutbacks to Amazon’s fulfillment capacity by July 2021; and 4) as a result of defendants’ misrepresentations and omissions, Amazon’s common stock traded at artificially inflated prices during the class period.
If you suffered a loss in Amazon.com, Inc. you have until September 6, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.