Column: Uber's top officials can't dodge depositions in class action over IPO [Reuters]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Reuters
Just ask Uber's CEO, CFO and board members. The ride-hailing and delivery company is facing a securities class action over its 2019 IPO, which raised $8 billion. Investors allege that Uber's offering documents misrepresented the company's financial condition, passenger safety record and “growth at any cost” business model. Uber has refuted the claims, but U.S. District Judge Richard Seeborg of San Francisco denied the company's motion to dismiss the case in 2020 and certified a class of Uber IPO investors in 2022. This spring, with discovery deadlines approaching, lead plaintiffs lawyers from Labaton Sucharow told Uber's lawyers at Shearman & Sterling that they needed hours of deposition testimony from no fewer than 16 of the company's top officials, including CEO Dara Khosrowshahi, CFO Nelson Chai and every Uber board member at the time of the IPO. Uber said that demand was precisely the sort of harassment that the apex doctrine was developed to avert. Unable to reach a comp
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UBER
News
- 3 Reasons to Buy Uber Stock Like There's No Tomorrow [Yahoo! Finance]Yahoo! Finance
- Uber: Way Too Cheap [Seeking Alpha]Seeking Alpha
- ????????????:2031???110?????CAGR 18.5%??? [CNET News]CNET News
- Should You Invest $1,000 in Uber Right Now? [Yahoo! Finance]Yahoo! Finance
- Berger Montague PC Investigates Uber Technologies, Inc.'s Board of Directors for Breach of Fiduciary Duty (NYSE: UBER)PR Newswire
UBER
Earnings
- 11/4/25 - Beat
UBER
Sec Filings
- 12/18/25 - Form 4
- 12/18/25 - Form 4
- 12/18/25 - Form 4
- UBER's page on the SEC website