openPR Logo
Press release

Lawsuit filed by an Investor in Uber Technologies, Inc (NYSE: UBER) against directors

11-16-2020 11:57 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed by an investor in Uber Technologies, Inc (NYSE: UBER) over alleged breaches of fiduciary duty.

A lawsuit was filed by an investor in Uber Technologies, Inc (NYSE: UBER) over alleged breaches of fiduciary duty.

An investor in shares of Uber Technologies, Inc (NYSE: UBER) filed a lawsuit against certain directors of Uber Technologies, Inc over alleged breaches of fiduciary duties.

Investors who are current long term investors in Uber Technologies, Inc (NYSE: UBER) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges that certain directors of Uber Technologies, Inc issued offering documents in connection with Uber’s its May 2019 initial public offering that allegedly misrepresented the scope of Uber's corporate scandals, passenger safety complaints and unsustainable business prospects — and the risks they posed.

The lawsuit against certain directors of Uber follows a lawsuit that was filed by investors against Uber over alleged Federal Securities Laws violations. The plaintiff in that lawsuit claims that the registration statement and related prospectus issued in connection with Uber’s May 2019 IPO was allegedly false and/or misleading statements and/or failed to disclose that at the time of the Offering, Uber Technologies, Inc was rapidly increasing subsidies for drivers and customer's rides and meals in a bid for market share, which caused the Company's sales and marketing expenses to swell, that the Defendants were cutting (or planned to cut) costs in key areas that undermined the Company's central growth opportunities, and that as a result, defendants’ statements about Uber’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Uber Technologies, Inc (NYSE: UBER) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lawsuit filed by an Investor in Uber Technologies, Inc (NYSE: UBER) against directors here

News-ID: 2188378 • Views: 464

More Releases from Shareholders Foundation

Investigation for NASDAQ: FLXS shares Investors over possible Wrongdoing at Flex …
An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Flexsteel Industries, Inc. Investors who purchased shares of Flexsteel Industries, Inc. (NASDAQ: FLXS) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm concerns whether certain Flexsteel Industries directors breached their fiduciary duties and caused damage to the company and its shareholders. Dubuque, IA
Deadline on February 2nd coming up in Lawsuit for Investors in Northern Dynasty …
The Shareholders Foundation announced that a deadline is coming up on February 2, 2021 in the lawsuit filed for certain investors of Northern Dynasty Minerals Ltd. (NYSE: NAK). Investors who purchased shares of Northern Dynasty Minerals Ltd. (NYSE: NAK) have certain options and there are strict and short deadlines running. Deadline: February 2, 2021. NYSE: NAK stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. According to
Deadline on January 26th coming up in Lawsuit for Investors in Fortress Biotech, …
A deadline is coming up on January 26, 2021 in the lawsuit filed for certain investors of Fortress Biotech, Inc. (NASDAQ: FBIO) over alleged securities laws violations by Fortress Biotech, Inc. (NASDAQ: FBIO). Investors who purchased shares of Fortress Biotech, Inc. (NASDAQ: FBIO) have certain options and there are strict and short deadlines running. Deadline: January 26, 2021. NASDAQ: FBIO stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858)
Investigation announced for Long-Term Investors in shares of Peabody Energy Corp …
An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Peabody Energy Corporation. Investors who are current long term investors in Peabody Energy Corporation (NYSE: BTU) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for investors in NYSE: BTU stocks follows a lawsuit filed against Peabody Energy Corporation over

All 5 Releases


More Releases for Uber

Uber Eats in the UK Market Success Case Study Analysis by Uber Eats, Uber, Just …
Online/app-based food delivery is a growth market in the face of pressure on traditional quick-service restaurants. This has inspired both new start-ups and bigger brands with logistics and online clout to explore such services, with competition springing up in major cities in markets such as the US, UK, and Europe. Get Sample Copy of This Report at www.orbisresearch.com/contacts/request-sample/2628058 Uber Eats is a food delivery service originating in the US but now expanding in
Success Case Study: Uber Eats in the UK Market Analysis by Uber Eats, Uber, Just …
Online/app-based food delivery is a growth market in the face of pressure on traditional quick-service restaurants. This has inspired both new start-ups and bigger brands with logistics and online clout to explore such services, with competition springing up in major cities in markets such as the US, UK, and Europe. Get Sample Copy of This Report at https://www.orbisresearch.com/contacts/request-sample/2628058 Uber Eats is a food delivery service originating in the US but now expanding
Uber IPO: What Can We Expect?
Within the next few months, the Uber IPO is expected to hit the markets. Keep in mind that the company has confidentially filed its S-1 with the Securities and Exchange Commission (the document is usually not made public until a couple weeks before the offering). While we’ve seen many tech unicorns come public during the past couple years, the Uber deal will be in another league. Note that the capital raise
Phone Requirements For Uber TLC Rental
For those who are looking to build a second income stream or find a way to replace their current employment, driving for Uber has become a popular option. Of course, Uber does have certain requirements that you have to meet in terms of your driving status, what type of vehicle you can use, and the type of phone needed to become one of their drivers. Whether you choose to use
How Uber Car Rental Works for You
There is little doubt that Uber has become one of the hottest ways to make money for both part-time and full-time work. The concept of Uber ride-sharing is a simple one that allows drivers the ability to pick up passengers and earn a fee for each fare much like a traditional taxi service. However, the advantages of Uber for passengers are the considerably lower fees. However, you may need an Uber
mobinteg launches the “Uber of Ambulances”
Lisbon, January 25th, 2017: Call an ambulance through an app? Now it’s possible thanks to the system for ambulances and non-emerging patient transport companies, fully developed and supported by Portuguese company mobinteg, that seeks to be a bridge between applicants and providers, to provide a more convenient, fast and efficient service. The purpose of this "Uber of Ambulances" is to facilitate the communication between applicants and providers of non-emergent transport services.