The Federal Trade Commission has filed its long-anticipated antitrust lawsuit against Amazon .
In a sweeping complaint unveiled Tuesday, the FTC and attorneys general from 17 states accused Amazon of wielding its "monopoly power" to inflate prices, degrade quality for shoppers and unlawfully exclude rivals, thereby undermining competition.
David Zapolsky, Amazon's general counsel and senior vice president of global public policy, said in a statement that the FTC's complaint is "wrong on the facts and the law."
The lawsuit is a major milestone for FTC Chair Lina Khan, who rose to prominence for her 2017 Yale Law Journal note, "Amazon's Antitrust Paradox."
Through her work at the FTC, Khan has sought to reset that framework and push the boundaries of antitrust law through risky legal battles.
Persons:
Andy Jassy, David Zapolsky, Amazon's, Zapolsky, Lina Khan, Khan
Organizations:
New York Times DealBook, Jazz At Lincoln Center, Federal Trade Commission, Amazon, FTC, Yale
Locations:
New York City