Keith Gill, who made millions off a surprise jump in GameStop stock, is increasingly under the spotlight. He insists he did nothing wrong.
Amazon is facing a new lawsuit alleging that a deal between the company and five book publishers has created higher prices on e-books, The Wall Street Journal reported.
The lawsuit filed by law firm Hagens Berman in a federal district court in New York, alleges that the publishers pay high commissions and other costs to Amazon, which in turn increases the retail price of e-books sold on the platform. Due to the deal between Amazon and the publishers— HarperCollins Publishers, Hachette Book Group, Penguin Random House, Simon & Schuster, and Macmillan — the Amazon price is the price the publishers charge other retailers as well, preventing other sellers from offering the e-books at lower prices, according to the lawsuit.
The lawsuit accused Amazon of artificially inflating ebook prices through anticompetitive agreements with the five largest US book publishers.
This latest legal filing comes a few days after Epic's lawsuit against Google.
The Ford F-150, part of the F-Series family of models that has ruled America’s sales chart for decades, is the target of a $1.2 billion lawsuit filed by owners of 2018 and 2019 models who argue they’re paying too much for gasoline.Plaintiffs filed a class-action lawsuit in a Michigan court accusing Ford of falsifying the popular truck’s fuel economy figures.The Blue Oval hasn’t commented on the lawsuit yet.Hagens Berman, the Seattle-based law firm representing F-150 owners, declared Ford rigged fuel economy tests to overestimate the truck’s highway gas mileage by 15%, and its city gas mileage by 10%.The Environmental Protection Agency (EPA) pegs the V6-powered model’s fuel economy at 19 mpg in the city and 26 mpg on the highway; owners insist real-world mileage is closer to 17 and 22, respectively.The problem began brewing in September 2018 when a whistle-blower told members of Ford’s management team that employees in charge of testing fuel economy had started using improper methods.