![]() ![]() ![]() The latest reports on the situation have it that a deal is imminent. The reason is simple: A hot rumor has it that the highly acquisitive IT conglomerate Broadcom (NASDAQ: AVGO) is gearing up to buy the company. At the moment, it's trading at levels not seen in over a year. Shares of cybersecurity company Symantec (NASDAQ: SYMC) are up modestly after market close, sending the stock to greater record highs. Its shareholders don't seem too spooked by the legal setback, though - the company's shares are down only very slightly in after-hours action. Several other courts in the U.S., including a pair of federal appellate courts, have ruled in favor of the retailer in the Oberdorf case.Īmazon has not yet commented on this most recent ruling. ![]() The ruling goes against the grain of lawsuits related to third-party merchandise sold on Amazon. Those laws are considered rather strict in relation to those of other states. As a seller, it is subject to the liability laws of Pennsylvania. tort law, Amazon is a "seller" in such a transaction. In its ruling, the court said that according to U.S. A Pennsylvania woman named Heather Oberdorf sued the company when a ring on a dog collar - sold via Amazon by one of those third-party merchants - malfunctioned, sending a retractable leash flying and causing her an eye injury. Circuit Court of Appeals in Philadelphia decided that Amazon may be held liable when it functions as a marketplace for third-party products.
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