> The consumers’ 2021 lawsuit said Amazon violated antitrust law by restricting third-party sellers from offering their products for lower prices elsewhere on rival platforms while they are also for sale on Amazon. Holy shit, do Valve next! They do the exact same thing.
Amazon must face US nationwide class action over third-party sales
51–60 of 108 posts
Re: Amazon must face US nationwide class action over third-party sales
#52Earlier quoted context omitted.
That's what a do-nothing Congress gets you.
Our poor representation is an extreme outlier among OECD countries: https://www.amacad.org/ourcommonpurpose/enlarging-the-house/... Nordic countries have similar representation to the U.S. in the early 1800s. Though virtual, Colonial Americans had better representation in Parliament.
Re: Amazon must face US nationwide class action over third-party sales
#53> Amazon argued that the class was too large to be manageable Sorry, we've wronged too many people to be held accountable! What a wild argument.
Looking at Amazon's filings, the argument they made is the following: >Given the unprecedented size of the proposed class consisting of 288 million members, the individualized issues on which their claims depend, and the overwhelming evidence that the challenged conduct resulted in lower prices in Amazon’s store, Plaintiffs have not—and cannot demonstrate that a class action would be manageable. The "individualized i…
Shkreli made back all the money from his clients that he misappropriated (by gambling with Retrophin shares). He still went to jail for fraud.
Re: Amazon must face US nationwide class action over third-party sales
#54Earlier quoted context omitted.
Looking at Amazon's filings, the argument they made is the following: >Given the unprecedented size of the proposed class consisting of 288 million members, the individualized issues on which their claims depend, and the overwhelming evidence that the challenged conduct resulted in lower prices in Amazon’s store, Plaintiffs have not—and cannot demonstrate that a class action would be manageable. The "individualized i…
> overwhelming evidence that the challenged conduct resulted in lower prices in Amazon’s store Shkreli made back all the money from his clients that he misappropriated (by gambling with Retrophin shares). He still went to jail for fraud.
Re: Amazon must face US nationwide class action over third-party sales
#55Earlier quoted context omitted.
I think this is only proving the parent's point, that the legal system is completely unable to deal with the megacorps. Shrug. I don't read those results the same way you do.
...or megacorps have functional legal departments to stop them from doing obviously illegal stuff. Of the cases they actually get sued for, there's enough complexity and genuine question of law that they can't straightforwardly prosecuted. There's a reason why basically all states had to pass bills to reclassify gig work companies, rather than winning slam dunk cases with years of back pay. In cases companies megacor…
Not always! lawyers representing classes in class actions don't always negotiate as hard as they could or should during settlements. You're probably familiar with federal judge Lucy Koh's prominent cases.
Not really understanding your argument that everything is fine, and there's nothing to see here.
Re: Amazon must face US nationwide class action over third-party sales
#56Earlier quoted context omitted.
Equifax: In September of 2017, Equifax announced a data breach that exposed the personal information of 147 million people. The company has agreed to a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 U.S. states and territories. The settlement includes up to $425 million to help people affected by the data breach. Apparently, your personal information is worth abo…
>Equifax: In September of 2017, Equifax announced a data breach that exposed the personal information of 147 million people. The company has agreed to a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 U.S. states and territories. The settlement includes up to $425 million to help people affected by the data breach. How much money did they make from the breach thou…
I took their post to mean that the $2.90 figure included damages.
In your words, how much will the ensuing fraud, identity theft, and spam cost me?
Re: Amazon must face US nationwide class action over third-party sales
#57Earlier quoted context omitted.
> overwhelming evidence that the challenged conduct resulted in lower prices in Amazon’s store Shkreli made back all the money from his clients that he misappropriated (by gambling with Retrophin shares). He still went to jail for fraud.
That was a criminal charge, not a class-action, and very different rules apply. Shkreli also committed one set of frauds against one company which affected many people; Amazon engaged in separate anti-competitive acts against many different companies which affected nearly the whole country.
And people outside the US as well, though those would likely have to be separate legal matters.
Re: Amazon must face US nationwide class action over third-party sales
#58Earlier quoted context omitted.
>up but they're a massive corpo making piles of cash and the worst the legal system can do at that point is penalize them with the equivalent of pocket change compared to the piles of cash they made while ignoring those regulations. Examples? Usually when I see this argument being brought up, it's usually something like "[multinational megacorp] fined $x for breaking Belgian privacy laws", and then people pile in say…
Equifax: In September of 2017, Equifax announced a data breach that exposed the personal information of 147 million people. The company has agreed to a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 U.S. states and territories. The settlement includes up to $425 million to help people affected by the data breach. Apparently, your personal information is worth abo…
Re: Amazon must face US nationwide class action over third-party sales
#59Earlier quoted context omitted.
I think this is only proving the parent's point, that the legal system is completely unable to deal with the megacorps. Shrug. I don't read those results the same way you do.
...or megacorps have functional legal departments to stop them from doing obviously illegal stuff. Of the cases they actually get sued for, there's enough complexity and genuine question of law that they can't straightforwardly prosecuted. There's a reason why basically all states had to pass bills to reclassify gig work companies, rather than winning slam dunk cases with years of back pay. In cases companies megacor…
That's not what the legal departments seem to be used for though.
Re: Amazon must face US nationwide class action over third-party sales
#60Earlier quoted context omitted.
>Equifax: In September of 2017, Equifax announced a data breach that exposed the personal information of 147 million people. The company has agreed to a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 U.S. states and territories. The settlement includes up to $425 million to help people affected by the data breach. How much money did they make from the breach thou…
> How much do you think did you think equifax saved by skimping on security? Probably not $575M. They got pwned by an outdated third party library. There's no way keeping your libraries up to date is going to cost anywhere near that amount. I took their post to mean that the $2.90 figure included damages. In your words, how much will the ensuing fraud, identity theft, and spam cost me ?