California officials on Monday said newly unsealed court filings show Amazon.com Inc. (NASDAQ:AMZN) engaged in an illegal price-fixing scheme that allegedly pushed up prices across major retailers.
Amazon Price Fixing Allegations Involving Major Retailers
In a press release, California Attorney General Rob Bonta said the state has obtained unredacted court filings that allegedly show Amazon pressuring vendors and retailers to raise prices across competing platforms, including Walmart and Target.
“The evidence we’ve uncovered is clear as day: Amazon is working to make your life more unaffordable,” Bonta said.
He added, “The company is price fixing, colluding with vendors and other retailers to raise costs for Americans beyond what the market requires.”
According to the filing, Amazon allegedly instructed vendors to “fix,” “raise,” or “increase” prices on rival platforms and threatened penalties if they did …
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