California AG accuses Amazon of blocking price competition in new lawsuit
California Attorney General Rob Bonta is accusing Amazon of boosting prices for consumers through its contracts with platform sellers in a new antitrust lawsuit Wednesday.claims Amazon's contracts with its sellers lead to inflated prices for goods online and hamper the ability of other online retailers to compete with the e-commerce juggernaut.
Vendors told the AG's office they could sell their products for lower prices on other websites, including their own, because they pay less in fees. But they don't do so out of fear of losing the "Buy Box." "In this economic climate, we need to do all we can to ensure the market is fair, that it is competitive, so consumers are not forced to pay artificially inflated prices," Bonta said.Amazon successfully argued for the D.C. Superior Court to dismiss the lawsuit earlier this year, but Racine indicated he wouldBonta noted his lawsuit comes before a California court and accuses Amazon of violating California law, and said his case is more detailed than others.
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