Levi & Korsinsky, LLP announces that an AMZN class action lawsuit has been filed on behalf of investors who purchased Amazon.com, Inc.(AMZN) securities between July 30, 2021, and April 28, 2022, For more on the AMZN Lawsuit please contact us today.
According to the Amazon 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 fulfilment 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 fulfilment 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 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.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171