Energy News / Shareholders Foundation, Inc.

Lawsuit for Investors in Shares of Uber Technologies Inc Alleges Securities Laws Violations

Via: ReleaseWire

Updated 12:15 PM CDT, Tue, October 03,2017

A lawsuit was filed on behalf of investors in Uber Technologies Inc shares over alleged securities laws violations. Uber Technologies Inc investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 10/03/2017 -- The Shareholders Foundation announces that an investor, who purchased shares of Uber Technologies Inc, filed a lawsuit over alleged violations of Federal Securities Laws by Uber Technologies Inc in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Uber Technologies Inc have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The plaintiff says that beginning in 2014 Uber Technologies Inc and its former Chief Executive Officer ("CEO") Travis Kalanick commenced a mass media campaign designed to induce investors to invest billions of dollars in the Company, as Uber expanded to grow its global operations and offer a wider array of transportation and delivery services and that by 2016, defendants had directly or indirectly through investment vehicles raised more than $10 billion from plaintiff and other investors, and Uber Technologies Inc had reached a valuation of nearly $70 billion by mid-2016,

According to the complaint the plaintiff alleges on behalf of purchasers of Uber Technologies Inc common shares between June 6, 2014 and September 22, 2017, that the defendants violated Federal Securities Laws. The plaintiff claims that in early 2017, defendants' story began to unravel and in a span of only a few months a shocking litany of corporate misconduct came to the fore, and investors learned startling truths about the willingness of Uber's C-Suite executives to flout local, national and international law, stifle competition, misappropriate trade secrets and seek vengeance against detractors. Furthermore, the plaintiff alleges that the Company's vaunted corporate culture was revealed to in truth consist of a toxic hotbed of misogyny, sexual discrimination, and disregard for the law that threatened the Company's reputation, business and prospects.

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

Contact:
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
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/lawsuit-for-investors-in-shares-of-uber-technologies-inc-alleges-securities-laws-violations-872252.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com