One of Uber 's biggest investors is suing former CEO Travis Kalanick for fraud, Axios reports.


All
Science and technology
Travel
Lifestyle
World
Explore
Stories
Funny stories
Health
Entertainment
Culture and Art
Learning
Economy
Sport
Animals
Politics and Society
Natural world
Food and drink
General
Setting
Former Uber CEO Being Sued for Fraud
One of Uber 's biggest investors is suing former CEO Travis Kalanick for fraud, Axios reports.
The venture capital firm Benchmark Capital filed the suit in a Delaware court Thursday.
The group is hoping to invalidate a stockholder vote from 2016 that ended up giving Kalanick more power within the company.
In the lawsuit, Benchmark Capital says it never would have given Kalanick that power if it had known about his, quote :
" gross mismanagement and other misconduct at Uber."
If Kalanick were to lose the suit, he would likely be removed from Uber 's board of directors.
But a spokesperson for Kalanick told The New York Times the lawsuit was without merit and would be rejected.
One of Uber 's biggest investors is suing former CEO Travis Kalanick for fraud, Axios reports.
The venture capital firm Benchmark Capital filed the suit in a Delaware court Thursday.
The group is hoping to invalidate a stockholder vote from 2016 that ended up giving Kalanick more power within the company.
In the lawsuit, Benchmark Capital says it never would have given Kalanick that power if it had known about his, quote :
" gross mismanagement and other misconduct at Uber."
If Kalanick were to lose the suit, he would likely be removed from Uber 's board of directors.
But a spokesperson for Kalanick told The New York Times the lawsuit was without merit and would be rejected.
Todaii English is a website for learning and reading English news integrating other features such as dictionary, practice, mock test, ...
https://todaiinews.com
todai.easylife@gmail.com
(+84) 865 924 966
315 Trường Chinh, Khương Mai, Thanh Xuân, Hà Nội