Amazon accused of ‘funnelling’ contracts to Jeff Bezos-owned Blue Origin

The lawsuit alleged Amazon's directors and officers "consciously and intentionally breached their most basic fiduciary responsibilities" by signing off on what could be billions of dollars of contracts between Project Kuiper and Blue Origin. — Reuters

An Amazon shareholder is questioning the relationship between Amazon's satellite broadband venture, Project Kuiper, and Jeff Bezos' space company, Blue Origin.

The Cleveland Bakers and Teamsters Pension Fund, an Amazon stockholder, sued the company in Delaware earlier this week. The lawsuit alleged Amazon's directors and officers "consciously and intentionally breached their most basic fiduciary responsibilities" by signing off on what could be billions of dollars of contracts between Project Kuiper and Blue Origin.