Amazon shareholders the Cleveland Bakers and Teamsters Pension Fund is suing the company and its board, alleging it spent under 40 minutes to award Project Kuiper launch agreements to Jeff Bezos’ space company Blue Origin, TechCrunch’s Aria Alamalhodaei reports, citing the suit. “Amazon’s directors likely devoted barely an hour before blindly signing off on funneling Amazon’s money to Bezos’ unproven, struggling rocket company,” the suit said, adding the board failed to protect the negotiation process “from Bezos’ glaring conflict of interest. “
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