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Case Status:    SETTLED
On or around 11/10/2005 (Date of order of final judgment)

Filing Date: March 09, 2001

By the Final Judgment and Order of Dismissal with Prejudice signed by U.S. District Judge Robert S. Lasnik and entered on November 10, 2005, the Court approves the settlement set forth in the Stipulation. The Court further entered that day the Order approving the Plan of Allocation and the Order awarding attorneys’ fees and reimbursement of expenses.

According to the Notice of Pendency and Proposed Settlement of Class Action dated May 16, 2005, a settlement hearing will be held on September 22, 2005, at 9:00 a.m., before the Honorable Robert S. Lasnik, Chief United States District Judge, at the Western District of Washington (at Seattle), U.S. Courthouse, 700 Stewart Street, Seattle, Washington (the “Settlement Hearing”). The purpose of the Settlement Hearing will be to determine: (1) whether the settlement consisting of $27,500,000 in cash plus accrued interest should be approved as fair, reasonable and adequate to each of the parties; (2) whether the proposed plan to distribute the settlement proceeds (the “Plan of Allocation”) is fair, reasonable and adequate; (3) whether the application by Lead Plaintiffs’ counsel for an award of attorneys’ fees and expenses should be approved; and (4) whether the Litigation should be dismissed with prejudice. The Court may adjourn or continue the Settlement Hearing without further notice to the Class.

As summarized in the Stipulation of Settlement, on and after March 9, 2001, 14 actions were filed in the United States District Court for the Western District of Washington as securities class actions on behalf of persons who purchased the publicly traded securities of Amazon.com, Inc. By Order dated June 29, 2001, these actions were consolidated for all purposes as In re Amazon.com, Inc. Securities Litigation, Master File No. C-01-0358-L. On June 29, 2001, the Court also appointed Moussa Peykar, Edward Ingeneri, Lena Govberg (she later withdrew as lead plaintiff), Richard A. Yahr and Emil Panait as Lead Plaintiffs uand approved Lead Plaintiffs’ selection of Lead Counsel. On October 5, 2001, Lead Plaintiffs filed a comprehensive Consolidated Complaint for Violation of the Securities Exchange Act of 1934. Defendants moved to dismiss the consolidated complaint on January 18, 2002. On January 6, 2003, the Court granted Defendants’ motions in part and denied them in part. In response to the Court’s orders on Defendants’ motions to dismiss and based on Lead Plaintiffs’ continued investigation, on August 1, 2003 Lead Plaintiffs filed a First Amended Complaint for Violation of the Securities Exchange Act of 1934. On September 15, 2003, Defendants filed a motion to dismiss the Complaint which was fully briefed and being prepared for oral argument at the time an agreement-in-principle was reached to settle the Litigation following extensive settlement negotiations.

The original complaint alleges that defendants violated federal securities laws 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 as well as its overall financial condition and future prospects. Also, defendants touted the company's investments in joint ventures called Amazon Commerce Network Partners (ACNs) and the purported high margin revenue stream created by such ventures Instead, plaintiff alleges, defendants failed to disclose until the end of the class period that: the A C N investments were losing millions of dollars; much of the purported revenue recorded appeared to investors as cash, but was actually in the form of speculative equity investments; and the revenues recognized under the A C N agreements concealed the magnitude of the losses and distorted the company's reported cash flow. It is further alleged that Jeffrey Bezos sold more than one million shares of his Amazon common stock holdings at artificially inflated prices, for proceeds of more than $30 million.

COMPANY INFORMATION:

Sector: Services
Industry: Retail (Catalog & Mail Order)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AMZN
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: W.D. Washington
DOCKET #: 01-CV-00358
JUDGE: Hon. Robert S. Lasnik
DATE FILED: 03/09/2001
CLASS PERIOD START: 02/02/2000
CLASS PERIOD END: 10/30/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Beatie & Osborne LLP
    599 Lexington Avenue, 42nd Floor, Beatie & Osborne LLP, NY 10022
    212.888.9000 212.888.9664 ·
  2. Cauley, Geller, Bowman, Coates & Rudman LLP (San Diego, CA)
    225 Broadway, Suite 1900, Cauley, Geller, Bowman, Coates & Rudman LLP (San Diego, CA), CA 92010
    619.702.7350 619.702.7351 ·
  3. Cohen Milstein Hausfeld & Toll PLLC (Seattle WA)
    701 Fifth Avenue, Suite 6860, Cohen Milstein Hausfeld & Toll PLLC (Seattle WA), WA 98014
    206.521.0080 206.521.0166 · lawinfo@cmht.com
  4. Faruqi & Faruqi LLP (New York) (former)
    320 East 39th Street, Faruqi & Faruqi LLP (New York) (former), NY 10016
    212.983.9330 212.983.9331 · Nfaruqi@faruqilaw.com
  5. Hagens Berman & Mitchell
    2425 East Camelback Road; Suite 620, Hagens Berman & Mitchell, AZ 85016
    602.840.5900. 602.840.3012 · info@hagens-berman.com
  6. Keller Rohrback LLP (Seattle)
    1201 Third Avenue, Suite 3200, Keller Rohrback LLP (Seattle), WA 98101-3052
    800.776.6044 206.623.3384 · investor@kellerrohrback.com
  7. Kirby McInerney & Squire LLP
    830 Third Avenue 10th Floor, Kirby McInerney & Squire LLP, NY 10022
    212.317.2300 ·
  8. Law Offices of Marc S. Henzel (Lawrence)
    335 Central Avenue, Law Offices of Marc S. Henzel (Lawrence), NY 11559
    516.374.0707 516.295.3473 · securitiesfraud@comcast.net
  9. Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
    600 West Broadway, 1800 One America Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA), CA 92101
    800.449.4900 · support@milberg.com
  10. Rabin & Peckel LLP
    275 Madison Avenue, 34th Floor, Rabin & Peckel LLP, NY 10016
    212.682.1818 212.682.1892 · email@rabinlaw.com
  11. Schatz & Nobel, P.C.
    330 Main Street, Schatz & Nobel, P.C., CT 06106
    800.797.5499 860.493.6290 · sn06106@AOL.com
  12. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  13. Spector Roseman & Kodroff (San Diego)
    1818 Market Street, Suite 2500, Spector Roseman & Kodroff (San Diego), PA 19103
    215.496.0300 215.496.6611 ·
  14. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
  15. Wechsler, Harwood, Halebian & Feffer, LLP
    488 Madison Avenue, Wechsler, Harwood, Halebian & Feffer, LLP, NY
    212.935.7400 10022 ·
  16. Weiss & Yourman (New York, NY)
    The French Building, 551 Fifth Ave., Suite 1600, Weiss & Yourman (New York, NY), NY 10126
    212.682.3025 212.682.3010 · info@wyca.com
  17. Wolf Haldenstein Adler Freeman & Herz LLP (New York)
    270 Madison Avenue, Wolf Haldenstein Adler Freeman & Herz LLP (New York), NY 10016
    212.545.4600 212.686.0114 · newyork@whafh.com
  18. Zwerling Schachter & Zwerling LLP
    845 Third Avenue, Zwerling Schachter & Zwerling LLP, NY 10022
    212-223-3900 212-371-5969 · inquiry@zsz.com
No Document Title Filing Date
COURT: W.D. Washington
DOCKET #: 01-CV-00358
JUDGE: Hon. Robert S. Lasnik
DATE FILED: 08/01/2003
CLASS PERIOD START: 10/29/1998
CLASS PERIOD END: 10/23/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cauley Geller Bowman & Coates (Boca Raton, FL)
    2255 Glades Road Suite 421A, Cauley Geller Bowman & Coates (Boca Raton, FL), FL 33431
    561.750.3000 ·
  2. Hagens Berman, LLP
    1301 Fifth Avenue Suite 2900, Hagens Berman, LLP, WA 98101
    206.623.7292 · info@hagens-berman.com
  3. Lerach Coughlin Stoia Geller Rudman & Robbins LLP (Boca Raton)
    197 South Federal Highway, Suite 200, Lerach Coughlin Stoia Geller Rudman & Robbins LLP (Boca Raton), FL 33432
    561.750.3000 56.750.3364 · info@lerachlaw.com
  4. Lerach Coughlin Stoia Geller Rudman & Robbins LLP (Los Angeles)
    355 S. Grand Avenue, Suite 4170, Lerach Coughlin Stoia Geller Rudman & Robbins LLP (Los Angeles), CA 90071
    213.617.9007 213.617.9185 · info@lerachlaw.com
  5. Lerach Coughlin Stoia Geller Rudman & Robbins LLP (San Diego)
    401 B Street, Suite 1700, Lerach Coughlin Stoia Geller Rudman & Robbins LLP (San Diego), CA 92101
    206.749.5544 206.749.9978 · info@lerachlaw.com
  6. Milberg Weiss Bershad & Schulman LLP (Seattle)
    1001 4th Avenue, Suite 2550, Milberg Weiss Bershad & Schulman LLP (Seattle), WA 98154
    206.839.0730 206.839.0728 · info@milbergweiss.com
  7. Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
    600 West Broadway, 1800 One America Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA), CA 92101
    800.449.4900 · support@milberg.com
  8. Wechsler Harwood LLP
    488 Madison Avenue 8th Floor, Wechsler Harwood LLP, NY 10022
    212.935.7400 · info@whhf.com
  9. Weiss & Yourman (New York, NY)
    The French Building, 551 Fifth Ave., Suite 1600, Weiss & Yourman (New York, NY), NY 10126
    212.682.3025 212.682.3010 · info@wyca.com
No Document Title Filing Date
No Document Title Filing Date