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00:02Amazon is facing new allegations from California Attorney General Rob Bonta
00:06that it pressured major brands, including Levi Strauss and Company and Haynes,
00:11to raise prices on rival marketplaces as part of a price-fixing scheme.
00:15According to newly unsealed documents in a 2022 antitrust lawsuit, Amazon shared lower-priced
00:22listings from competitors like Walmart and Target and pushed vendors to increase those prices.
00:27Documents show Amazon sent Haynes links to lower-priced listings on Target and Walmart,
00:32and Haynes confirmed it contacted those retailers to raise prices.
00:36Amazon suppressed Allergan listings until prices increased elsewhere
00:39and allegedly pressed Levi's to push Walmart to raise prices.
00:43Amazon disputed the claims and said it will respond in court at the appropriate time.
00:47Representatives from Haynes, Levi's, and AbbVie-owned Allergan did not respond to requests for comment.
00:53For all things money, visit Benzinga.com.
00:56For all things money, visit Benzinga.com.
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