Amazon Exits Investor Challenge to Zoox Robotaxi Purchase (1)

Amazon.com Inc. on Tuesday exited investor litigation in Delaware challenging its $1.3 billion acquisition of Zoox Inc., but a judge ruled that some of the robotaxi startup’s senior leaders must face claims they sought personal benefits from the deal instead of maximizing value for common shareholders.

The Delaware Chancery Court entirely dismissed claims that Amazon aided and abetted breaches of fiduciary duty at Zoox, as well as the investors’ claim for legal fees for bad-faith litigation conduct in a parallel appraisal action.

“Amazon made compromises that were beneficial to the common stockholders throughout the sale process,” Chancellor Kathaleen St. Jude ...