Redditor who sent GameStop stock to the moon is sued, accused of market manipulation
David Harrison·Feb 17
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...
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Amazon hit with class action antitrust lawsuit claiming it colluded with major publishers to illegally drive up ebook prices by 30%
James Manzo·Jan 15
The lawsuit accused Amazon of artificially inflating ebook prices through anticompetitive agreements with the five largest US book publishers.
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.