Amazon Inc
Subject:FinancePrice: Bought3
Amazon Inc. has been sued for following three alleged infringements of law:
[1] Unauthorized use of a trademark; the claim is for $100 million
[2] Nonpayment of end-of-service severance pay and gratuity to 5,000 employees who were terminated without Amazon Inc. giving any reason; the class action lawsuit is claiming $3 million
[3] Unlawful environmental damage for dumping waste in the river near its factory; environmentalists are claiming unspecified damages as cleanup costs Legal counsel is of the opinion that not all the legal cases are tenable in law and has communicated to Amazon Inc. This assessment of the three lawsuits:
Lawsuit 1: The chances of this lawsuit are remote.
Lawsuit 2: It is probable that Amazon Inc. would have to pay the displaced employees, but the best estimate of the amount that would be payable if the plaintiff succeeds against the entity is $2 million.
Lawsuit 3: There is no current law that would compel the entity to pay for such damages. There may be a case for constructive obligation, but the amount of damages cannot be estimated with any reliability.
