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Uber investor sues founder Travis Kalanick for fraud

Discussion in 'Uber Drivers Melbourne (all VIC towns)' started by Uberx zoom, Aug 11, 2017.

  1. Uberx zoom

    Uberx zoom Well known member (founder)

    Travis Kalanick, who built Uber into a transportation behemoth, was ousted as chief executive of the ride-hailing company in June by unhappy investors. Now one of those investors has escalated the battle by suing Kalanick, claiming fraud and other transgressions, in an attempt to remove him from Uber's board of directors.

    Benchmark, a Silicon Valley venture capital firm that is one of Uber's largest shareholders, filed suit against Kalanick on Thursday in Delaware Chancery Court, accusing the former CEO of fraud, breach of contract and breach of fiduciary duty.

    Read the full story:
    http://www.brisbanetimes.com.au/bus...ravis-kalanick-for-fraud-20170810-gxtxg4.html
     
    Moober68 likes this.
  2. Moober68

    Moober68 Active Member

    Interesting times.
    1. Good luck proving all of the malicious intentions and reasons for 'undisclosure' as alleged
    2. So investors actually do look at things beyond business turnover and market value, funny that.
    3. Wonder if they will ever go after Uber not a person, all be it the first person in Uber? Is there such a thing as Uber without Travis?
     
  3. Uberx zoom

    Uberx zoom Well known member (founder)

    Cheap politics. They want travis out of the board of directors (as well).
     
    eXploitation likes this.

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