Energy News / Shareholders Foundation, Inc.

An Investigation Was Announced for Former Uber USA, LLC Employees Who Received Shares of Uber

Via: ReleaseWire

Updated 11:30 AM CST, Wed, March 06,2019

An investigation for former employees of Uber who received shares was announced.

San Diego, CA -- (SBWIRE) -- 03/06/2019 -- The Shareholders Foundation announced that an investigation on behalf of former employees of Uber USA, LLC who received shares of Uber over potential Securities Laws Violations was launched.

Former employees of Uber who received shares of Uber have certain options and should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether certain statements by Uber USA, LLC regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Uber is eyeing a public offering in 2019 with a potential valuation of $120 billion. Uber recently requested the SEC to allow it to grant company stock to its drivers. In the past however, the SEC has been hostile to the idea and SEC rules right now prohibit Uber from giving its drivers, who are contractors, stock in the company because they aren't employees.

On the other hand, some former Uber employees that received shares prior to the public offering as part of their employment have gone into debt to hang onto their shares. Other Uber employees reportedly have tried to sell their shares in the past but were unable to do so. In 2017, a bank offered some Uber employees to buy their shares at a discount.

Those who purchased shares of Uber have certain options and should contact the Shareholders Foundation.

Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , 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, investigation, and/or settlements are not filed/reached and/or 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.

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Media Relations Contact
Michael Daniels
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