By TIMOTHY GREENHOUSE and DAVID MACK and ROBERT BUCKIERTAPUSWASHINGTON (AP) A federal judge dismissed a lawsuit accusing five companies of monopolizing the market for e-commerce services and demanding they pay billions of dollars in damages.
The lawsuit, filed in 2016 by an alliance of companies including Amazon, Dell and eBay, sought to stop the companies from dominating the marketplace for online purchases.
The companies said they were not “the ultimate monopoly” and did not have the ability to “control or monopolize” the market.
But U.S. District Judge Jed Rakoff rejected the claim and said antitrust law does not protect monopolies, citing the example of a company that owns a manufacturing plant.
The plaintiffs are suing the five companies for failing to disclose their financial positions to investors or customers, failing to make information available to consumers, and failing to pay employees the proper wages.
The judge also rejected the companies’ arguments that antitrust laws are not applied to their activities because they do not directly affect the commerce in which they operate.