Amazon.com, Inc. Class Action Lawsuit

VISIT OUR CONSUMER RESOURCES CENTER

contact ​an Amazon stock Loss Lawyer

Amazon.com, Inc. Class Action Lawsuit

Company Name	Amazon.com, Inc.
​Class Period	July 30, 2021 to April 28, 2022​
Motion Deadline	​​​​August 22, 2022
Court	​Eastern District of Washington
Symbol	AMZN

Contact an Amazon Stock Loss Lawyer if you suffered losses in Amazon stock today about an Amazon class action lawsuit 

Investors Who Suffered Losses in Amazon Stock File Amazon Class Action Lawsuit

If you suffered significant losses in Amazon stock, call Amazon Stock Loss Lawyer Timothy L. MIles today

The Amazon class action lawsuit seeks to represent purchasers or acquirers of Amazon.com, Inc. (NASDAQ: AMZN) common stock between July 30, 2021 and April 28, 2022, inclusive (the “Class Period”).  The Amazon class action lawsuit – captioned Asbestos Workers Philadelphia Welfare and Pension Fund v. Amazon.com, Inc., No. 22-cv-00934 (W.D. Wash.) – charges Amazon and certain of its top executive officers with violations of the Securities Exchange Act of 1934. 

If you suffered losses in Amazon stock and wish to serve as lead plaintiff of the Amazon class action lawsuit, please provide your information below.  You can also contact Amazon Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at tmiles@timmileslaw.com.  Lead plaintiff motions for the Amazon class action lawsuit must be filed with the court no later than September 6, 2022. If you have questions, please contact ​Amazon Loss Lawyer Timothy L. Miles  today.

---

Allegations in the Amazon Class Action Lawsuit

Call an Amazon Stock Loss Lawyer to see if you are eligible for an Amazon Class Action Lawsuit

​The Amazon class action lawsuit arises from defendants’ material misrepresentations and omissions regarding Amazon’s overexpansion of the infrastructure and fulfillment network for its e-commerce business.  A key priority for Amazon has been to increase its ability to provide its e-commerce customers with shortened delivery times, including same-day delivery.  To meet that goal, Amazon invested significant capital to aggressively expand its infrastructure and fulfillment networks.  And in doing so, defendants repeatedly told investors that Amazon’s investments in expanding infrastructure and fulfillment network capacity were sound and appropriate decisions for the long term.

But as the Amazon class action lawsuit alleges, defendants knew or recklessly disregarded that Amazon’s infrastructure and fulfillment network investments substantially outpaced demand, and that those investments were a massive, self-imposed, undue drain on Amazon’s financial condition.  In fact, contrary to defendants’ public statements during the Class Period and as later confirmed by The Wall Street Journal, by July 2021, defendants had already implemented cutbacks to Amazon’s fulfillment capacity without disclosing that critical information to investors.

On April 28, 2022, Amazon reported a $3.8 billion net quarterly loss – its first reported net quarterly loss since 2015.  After months of falsely representing that Amazon’s expansion of its e-commerce fulfillment network and infrastructure was necessary and appropriate to meet both short-term and long-term customer demand, Amazon disclosed that day that it was “no longer chasing physical or staffing capacity.”  Amazon disclosed $6 billion of “incremental costs,” including $2 billion due to “overcapacity” in Amazon’s “fulfillment and transportation network.”  Amazon further disclosed that they “expect the effect . . . to persist for the next several quarters as we grow into this capacity.” On this news, the price of Amazon stock fell by more than 14%, damaging investors who suffered losses in  Amazon stock.  If you have questions, or would like additional information, please contact ​Amazon Loss Lawyer Timothy L. Miles  today.

---

The Lead Plaintiff Process

The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in Amazon Stock to seek appointment as lead plaintiff in the Amazon class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the class action lawsuit.  An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. If you suffered losses in Amazon stock, and have further questions about the lead plaintiff process, contact ​Amazon Stock Loss Lawyer Timothy L. Miles today.

How Can an Amazon Stock Loss Lawyer Help Me?

Call an Amazon Stock Lawyer if you suffered losses in Amazon stock, you may be eligible for an Amazon class action lawsuit

An ​Amazon Stock Loss Lawyer is well-versed in the complex laws that govern the securities industry and litigation. An ​Amazon Stock Loss Lawyer focuses on representing individual investors or funds who have been the victims of fraud or who have disputes with investment professionals. Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer. In most cases, if they have lost money due to mistakes, incompetence, or fraud by an investment professional.  While FINRA, the SEC, and state securities regulators serve a vital role in protecting investors, they simply have too many individuals, firms, and market transactions to monitor to discovery every act of fraud or negligence. Individual investors should consult with a securities lawyer if they have lost money due to fraud or stockbroker misconduct, such as an ​Amazon Stock Loss Lawyer who will work to recover the losses you sustained through an Amazon class action lawsuit.​

---

Contact an ​Amazon Stock Loss Lawyer if You Suffered Losses in Amazon Stock

​If you suffered losses in Amazon stock, contact Amazon Stock Loss Lawyer Timothy  L. Miles today about an Amazon class action lawsuit​, and see what a ​Amazon Stock Loss Lawyer can do for you.

---

 

CONTACT AMAZON STOCK LOSS LAWYER TIMOTHY
​L. MILES TODAY FOR A FREE CASE EVALUATION

 

 

Contact Amazon Stock Loss Lawyer Timothy L. Miles Today If you suffered losses in Amazon stock

Amazon Class Action Lawsuit
If you purchased Amazon.com stock during the Class Period and suffered losses in Amazon stock, call Amazon Stock Loss Lawyer Timothy L. Miles about an Amazon Class Action Lawsuit and see what an Amazon Stock Loss Lawyer can do for you. We are here to help!

Amazon Stock Loss Lawyer
​855-Tim-MLaw (855) 846-8529
tmiles@timmileslaw.com
Call Amazon Stock Loss Lawyer Timothy L. Miles today
​for a free case evaluation about a Amazon class action lawsuit​

FREE CASE EVALUATION 
Call today for a free case evaluation with an Amazon Stock Loss Lawyer about an Amazon class action lawsuit

A NATIONAL AWARD WINNING
TENNESSEE ​CLASS ACTION LAW FIRM
Tim Miles Law Office | Class Actions | Mass Torts

ATTENTION CONSUMERS:  VISIT OUR RESOURCES CENTER
​FOR MORE VALUABE INFORMATION ON THE LEGAL PROCESS
For more consumer information on Class Actions, Mass Torts and other cases, including Frequently Asked Questions, Links to Federal Courts and Agencies, Statutes, Rules and Procedures, Legal Guides, Videos and other valuable resources for consumers, please visit our ​Resources Center.  We hope you find the information beneficial.  ​We are here to help!