Bezos and other corporate leaders moved Monday to end shareholder litigation over “Project Kuiper,” allegedly the second-costliest venture in Amazon’s 29-year history. The lawsuit, filed by a pension fund in August, challenges their choice to rely on Blue Origin, the rocket company founded by Bezos, rather than Musk’s SpaceX.
The suit’s allegations of board-level bad faith “show the opposite—that the directors undertook a diligent and informed review,” according to the filing in ...