against Amazon accusing it of violating antitrust laws by illegally colluding with the "big five" publishing houses to drive up the prices of ebooks.
"Time and again, Amazon's response to competition is not to compete on a level playing field, but to try to eliminate the competition – and that's not how things are supposed to work," Steve Berman, managing partner of Hagens Berman, the law firm that brought the suit, told Business Insider in a press release.
The lawsuit alleged that Amazon illegally inflated prices using a tactic called as "pricing parity," which relies on "most-favored-nation" clauses. MFNs are, in the business context, agreements between buyers and sellers that ensure a buyer gets as good of a deal on that seller's products as any other buyer in the market.
Ouch
whatever fine they give to the richest man in the world it will just be a drop in the bucket
thank you very much for your work
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