Amazon.com Inc. Securities Litigation
Keller Rohrback L.L.P. represented individual shareholders in litigation filed on behalf of purchasers of the securities of Amazon.com, Inc. (“Amazon” or the “Company”) (NASDAQ:AMZN) between October 29,1998, and October 23, 2001, inclusive (the “Class Period”). The complaint alleged that, during the Class Period, Amazon and certain of its officers and directors–Jeffrey P. Bezos, Joseph Galli, Jr., and Warren C.Jenson–violated federal securities laws (specifically certain sections of the Securities Exchange Act of 1934) by disseminating to the investing public false and misleading financial statements in SEC filings and press releases concerning the Company’s revenues, investments in joint ventures, earnings, cash flow and its overall financial condition and future prospects.
A settlement was achieved on September 15, 2005, providing $27.5 million for the benefit of the class.