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ALYCE BODNER v AMAZON Click to find out why . . .



Keywords & Phrases
CaseNo: MWVA123630, Plaintiff: ALYCE BODNER, State: WA Washington, UniqueCaseRef: LCD>MWVA123630, Stock, Cash, Sales, Offering, Payments, Books, Video Games, Amazon, Bezos, Traded Securities, Electronics, Revenue, Convertibles, Publicly Traded Securities, Home Improvement, Subordinated Notes, Prospectus, Online Retailer, Partnerships, Operating Loss, Customers, Pro Forma Operating, Pro Forma, Dvds, Net Proceeds, Agreements, Individual Defendants, Investors, Distribution, Misleading , ContentID: 120243781

Case Documents
1   COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 110503
23 pages
PDF
Total Documents: 1 document , 23 pages
Price: $ 19.95


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1 . COMPLAINT

EXTRACTED KEY WORDS
CASH
SALES
OFFERING
PAYMENTS
BOOKS
VIDEO GAMES
AMAZON
BEZOS
TRADED SECURITIES
ELECTRONICS
REVENUE
CONVERTIBLES
PUBLICLY TRADED SECURITIES
HOME IMPROVEMENT
SUBORDINATED NOTES
PROSPECTUS
ONLINE RETAILER
PARTNERSHIPS
OPERATING LOSS
CUSTOMERS
PRO FORMA OPERATING
PRO FORMA
DVDS
NET PROCEEDS
AGREEMENTS
INDIVIDUAL DEFENDANTS
INVESTORS
DISTRIBUTION
MISLEADING
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 9                                UNITED STATES DISTRICT COURT
10                               WESTERN DISTRICT OF WASHINGTON
11                                                AT SEATTLE

12 ALYCE BODNER, On Behalf of Herself and All ) No.
13 Others Similarly Situated,                          )) CLASS ACTION
14                                 Plaintiff,          )) COMPLAINT FOR VIOLATION OF THE
15          vs.                                        ) SECURITIES EXCHANGE ACT OF 1934
                                                       )
16 AMAZON.COM, INC., JEFFREY P. BEZOS, )
      and WARREN C. JENSON,                            )
17                                                     )
                                   Defendants.         )
18                                                     ) DEMAND FOR JURY TRIAL

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                                                                Milberg Weiss Bershad Hynes &
                                                                      600 West Broadway, Suite 1800
                                                                           San Diego, CA  92101
                                                                Telephone: 619/231-1058 * Fax:



SNIPPETS:
  • "Company") publicly traded securities during the period from 2/2/00 to 3/9/01.
  • Amazon.com is an online retailer that offers for sale millions of distinct items in
  • music, DVDs, videos, toys, electronics, software, video games and home improvement products.
  • it said would represent $500 million in revenue over the next five years.
  • completed an offering of i690 million1 in 6.875% convertible subordinated notes due 2010, 10
  • 12 partnerships would be in stock, not cash, and the actual receipt of this money was
  • 15 and the aforementioned agreements have provided little in the way of cash.
  • explain that most initial payments would come in the form of stock,
  • report several days before the debt offering stating that Amazon had received multiyear
  • 15 1934 Act as defendant Amazon.com and/or the Individual Defendants conduct business in and
  • information about the Company, Bezos sold 1,168,000 shares of his Amazon.com stock for $31.6
  • 18 However, as the year 2000 began, investors became increasingly impatient for Amazon.com to
  • other related home categories to Amazon.com's more than 16 million customers.
  • 167 percent over net sales of $253 million for the fourth quarter of 1998.
  • operating loss will decrease significantly as a percentage of sales.
  • 21 Subordinated Notes due 2010 with net proceeds to Amazon.com of $663 million.
  • 24 Registration Statement and Prospectus.
  • compared to a pro forma operating loss of $18 million in the fourth quarter of 1998.
  • These statements were false or misleading
  • distribution facilities, we believe that it is debatable whether positive cash flow from
  • The convertibles were sold immediately after the company reported
  •    |