A potential Federal Trade Commission lawsuit against Amazon (NASDAQ:AMZN) over antitrust practices may be filed as soon as Tuesday.
The regulator may file the lawsuit in federal court as soon as Tuesday, according to a Politico report on Friday, which cited people familiar with the matter. The exact details of the suit weren’t known.
One of the obstacles the FTC is facing before it’s expected to file the lawsuit is getting as many states as possible to sign onto the complaint, according to the Politico report. The FTC circulated a draft of the complaint to state attorney general offices.
The WSJ reported earlier this month that the FTC was expected to file the antitrust suit this month. Members of Amazon’s (AMZN) legal team had a video call with the FTC last month in an effort to avert a lawsuit. Amazon’s lawyers didn’t offer any concessions in the meeting to try to persuade the regulator to refrain from filing the lawsuit.
The lawsuit is expected to focus on some of Amazon’s business practices, such as its Fulfillment by Amazon logistics program and pricing on Amazon.com by third-party sellers, the WSJ and other media outlets have reported.
A potential lawsuit comes after the FTC held two closed-door meetings on Thursday, with some M&A investors speculating that the potential Amazon (AMZN) lawsuit was the subject of one of the meetings.
