A newly unsealed derivative case in the Court of Chancery accuses Amazon’s board of signing off on multi-billion-dollar deals involving Jeff Bezos’ rocket company after only minutes of consideration.
The plaintiff, a pension fund for a Cleveland union, is represented by Grant & Eisenhofer and claims the board failed to meet its duty to shareholders by selecting Bezos’ company, Blue Origin, without properly considering less expensive and more reliable rocket launching companies that could send Project Kuiper satellites into space to provide internet access.
