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Update: Market Chatter: Amazon Sued by New Jersey AG for Alleged Antitrust Violations

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(Update with New Jersey Attorney General Jennifer Davenport's statement on the lawsuit in the penultimate paragraph.)

Amazon.com (AMZN) was sued Tuesday by New Jersey Attorney General Jennifer Davenport, who accused the online retailer of abusing its market power over independent delivery drivers, Reuters reported, citing court documents.

"Today, my office is acting to stand up for thousands of New Jersey delivery drivers who are being exploited every day by one of the world's biggest, richest corporations," Davenport said in a statement. "As our complaint alleges, Amazon built a company worth trillions while subjecting drivers in its delivery network to artificially low pay and punishing working conditions thanks to its overwhelming power in the labor market."

Amazon didn't immediately reply to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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