AMZN LAWSUIT ALERT: Levi & Korsinsky Notifies Amazon.com, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK, July 21, 2022

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Amazon investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all persons or entities that purchased or otherwise acquired shares of Amazon common stock between July 30, 2021, and April 28, 2022, inclusive. Follow the link below to get more information and be contacted by a member of our team:

https://www.zlk.com/pslra-1/amazon-com-inc-information-request-form?prid=30035&wire=4

AMZN investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: 1) defendants knew or recklessly disregarded that the Company's infrastructure and fulfillment network investments substantially outpaced demand; 2) those investments were a massive, self-imposed, undue drain on Amazon's financial condition; 3) contrary to defendants' public statements and undisclosed to investors, defendants had already implemented cutbacks to Amazon's fulfillment capacity by July 2021; and 4) as a result of defendants' misrepresentations and omissions, Amazon's common stock traded at artificially inflated prices during the class period.

WHAT'S NEXT? If you suffered a loss in Amazon during the relevant time frame, you have until September 6, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.