Former Uber CEO Being Sued for Fraud

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Former Uber CEO Being Sued for Fraud

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.
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The venture capital firm Benchmark Capital filed the suit in a Delaware court Thursday.
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The group is hoping to invalidate a stockholder vote from 2016 that ended up giving Kalanick more power within the company.
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If Kalanick were to lose the suit, he would likely be removed from Uber 's board of directors.
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But a spokesperson for Kalanick told The New York Times the lawsuit was without merit and would be rejected.
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