Amazon Sues Former Exec Recently Hired by Target

Amazon.com filed suit against a longtime logistics and supply chain executive recently hired by rival Target Corp. over what it said was a violation of a noncompete agreement. In the lawsuit, the Seattle retailer said Arthur Valdez, employed by Amazon for 16 years, was in a position to reveal confidential strategy to its rival. Target touted Valdez’s lengthy experience in a news release last month announcing his hiring. Amazon said Valdez is bound by a noncompete agreement he signed in 2012, which requires an 18-month hiatus before he can take a position with similar responsibilities at a rival firm.