Benchmark Capital Files Suit Against Former Uber CEO Travis Kalanick
10 August, 2017, 23:12 | Author: Nadine Todd
Benchmark, which holds a 13 percent stake in Uber, alleges Kalanick engaged in fraud by misleading investors about his effort to pack the firm's board with allies willing to keep him as a director after he was removed as the company's top executive, according to the suit. The complaint, which was filed in DE court, accuses Kalanick of "fraud, breach of contract and breach of fiduciary duty". Founder and CEO Travis Kalanick was the most high-profile departure, but a who's who of Uber's other senior members have also jumped ship recently. The firm refers to both sexual harassment at Uber and the lawsuit Uber faces over stealing self-driving technology from Google. Uber has had no COO for years, which has left Graves to take on much of the workload that the C-suite exec would normally handle. This is a reference to the ongoing lawsuit between Uber and Alphabet, the latter accusing the former of stealing its self-driving vehicle secrets.
Uber and Benchmark Capital did not immediately respond to requests for comment. He still remains on the company's board, but has interfered with the new CEO search, according to Benchmark's lawsuit.
Benchmark is seeking for the June 2016 vote to be invalidated, which would effectively eliminate the three board seats.
If successful, the Benchmark lawsuit could kick Kalanick off the board of directors, making his return impossible. Here's a copy of the complaint.
Gold was last up 1.4 percent, its highest point since mid-June, while the Swiss franc and the Japanese yen rose. The Russell 2000 index of smaller-company stocks gave up 13.20 points, or 0.9 percent, to 1,396.95.
Christiansen, 51, has been appointed as the new CEO of the LEGO Group effective October 1, 2017, the Compnay has announced today. When Mr Padda took over last December Lego said the search would begin immediately for a successor.
Benchmark US 10-year notes were last up rose 11/32 in price to yield 2.2423 per cent, from 2.282 per cent late on Tuesday. The CBOE Volatility Index , also known as Wall Street's "fear gauge", jumped 15 percent to approach a two-month high.
She followed up, writing: "Wasn't my choice to discuss this but since Jason went to Page Six , I guess I now have to share... Delgado, who is from Miami, tweeted on Tuesday that she had given birth to a son, William , who was born on July 10. - A.J.
Last week, Blue Apron said that it would shut the doors of its Jersey City, N.J. facility as it ramps up development of Linden. This includes revenue of $238.06 million, which is up from the $201.92 million reported during the same time previous year .
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I'm hitting two extra clubs into greens but the greens aren't like the fairways - the greens are really firm, and they are grainy. The city of Charlotte and Quail Hollow president Johnny Harris worked long and hard to get the PGA Championship .
The new feature does mean you might be forced to overhear messages from your Uber driver's next rider during your own journey. Lermitte also revealed that Uber users, both riders and drivers , want to know if their messages are actually being read .
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Gionee A1 Lite goes on sale in India tomorrow
The Gionee A1 Lite smartphone will be available from all over the country retail stores on August 10 and its price is Rs 14,999. Gionee A1 Lite was first launched in Nepal in June and the price of this smartphone in India has been presented at Rs. 14,999.