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Stock impact report

California says Amazon pressured retailers to boost prices on their websites to not undercut it [Yahoo! Finance Canada]

Levi Strauss & Co Class A (LEVI) 
Last levi strauss & co class a earnings: 4/7 04:15 pm Check Earnings Report
competitors, according to a filing unsealed Monday in an ongoing lawsuit by California's attorney general. Attorney General Rob Bonta accusing the company of violating the state's antitrust and unfair competition laws. The lawsuit is scheduled to go to trial next year but Bonta is asking the judge to order Amazon to cease its practices immediately. According to the filing, the alleged price fixing scheme generally begins with the Seattle-based company demanding vendors to fix or look into prices of products on other websites and request that those prices be increased or else face penalties such as promotion restrictions or even removal of products from Amazon's site. For example, the filing alleges that Amazon, apparel company Levi Strauss & Co. and agreed to fix prices on khaki pants. Amazon sent the denim retailer links to pants that were priced lower on Walmart.com, saying it “hop(ed) these can get resolved over the next few days.” The next day, Levi Strauss reported having Show less Read more
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