Chicago-area independent bookstore sues Amazon, book publishers for unfair business practices
CHICAGO — The owner of an independent bookstore in suburban Evanston is the lead plaintiff in a lawsuit against Amazon and the five biggest book publishing companies over what she says are unfair business practices. The lawsuit alleges that Amazon and the publishing companies engage in price fixing by intentionally inflating prices and controlling book sales to discourage bookstores competing with Amazon. Attorneys representing Bookends & Beginnings filed the suit March 25 in the U.S. District Court for the Southern District of New York, according to the complaint. Defendants include Amazon.co...
Parents sue Robinhood trading app after 20-year-old son dies by suicide thinking he lost $730,000
The parents of a young trader in Illinois are suing the brokerage app Robinhood after their 20-year-old son took his own life in June while mistakenly believing he lost $730,000 on a risky bet. Dan and Dorothy Kearns filed their complaint Monday in Santa Clara County Superior Court, claiming the California-based free trading platform should be held liable for wrongful death, negligent infliction of emotional distress and unfair business practices. “This case centers on Robinhood’s aggressive tactics and strategy to lure inexperienced and unsophisticated investors, including Alex, to take big r...
New York Daily News