Sep

Uber Defeats Suit by Investors Who Blamed Scandals for Losses

Texas pension fund said startup’s value plunged 15% last year
Former CEO Travis Kalanick was also named as defendant

Uber Technologies Inc. and its former Chief Executive Officer Travis Kalanick defeated a lawsuit claiming the company swept illicit business practices under the rug that cost investors billions of dollars.

U.S. District Judge Haywood S. Gilliam Jr. in Oakland, California, on Friday agreed with Uber’s and Kalanick’s bid to toss the class-action claims by a Texas city’s firefighter pension fund while allowing the fund to revise and refile the complaint…

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Uber Defeats Suit by Investors Who Blamed Scandals for Losses

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