Amazon to pay $309.5 million in settlement regarding return refunds
AMZN Amazon.com Inc
$262.48 +3.31%
View chart & analysis → - 1Amazon faced a lawsuit alleging it failed to properly process refunds for returned products for approximately 9 years.
- 2A decision was made to pay $309.5 million in settlement funds to Amazon customers.
- 3The $309.5 million is part of Amazon's total settlement amount of $1 billion, which includes approximately $600 million in refunds already paid by Amazon.
So what's the key point?
Amazon faced a lawsuit because it did not properly refund money for returned items. Amazon has decided to pay $309.5 million to its customers.
Source Yahoo Personal Finance +1 · View original ↗
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