Energy News / Shareholders Foundation, Inc.

NYSE: UBER Long Term Investor Alert: Investigation over Possible Wrongdoing by Certain Directors of Uber Technologies, Inc

Via: ReleaseWire

Updated 11:45 AM CST, Mon, November 04,2019

An investigation on behalf of current long term investors in Uber Technologies, Inc (NYSE: UBER) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

San Diego, CA -- (SBWIRE) -- 11/04/2019 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Uber Technologies, Inc.

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

The investigation by a law firm for current long term investors in NYSE: UBER stocks follows a lawsuit filed against Uber Technologies, Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: UBER stocks, concerns whether certain Uber Technologies directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges 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.

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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