Investors Sue Amazon For Docs On Market Clout, Tax Parries
Law360 (June 3, 2021, 1:37 PM EDT) -- An Amazon.com Inc. pension fund investor sued the online retail conglomerate in Delaware's Chancery Court on Thursday, seeking expedited action on demands for records on director and officer handling of alleged anti-competitive conduct and tax-avoidance tactics.
The Oklahoma Firefighters Pension and Retirement System says its suit for corporate books and records caps nearly a year of allegedly nearly futile negotiations with the global business. Documents sought are described as focusing on potential derivative claims seeking recoveries for the company for individual wrongdoing.
The fund says it made the demands to seek "evidence that the board and management may have breached their...
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