Summary
Uber Technologies Inc.’s board members and executives are facing a lawsuit alleging they failed to allocate adequate resources to customer safety and fostered a corporate culture that tolerated regulatory noncompliance.
Bloomberg Law
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The officers’ breach of their duties have exposed Uber to significant legal exposure, having faced thousands of lawsuits from victims of sexual assault and regulators for violating disability and consumer protection laws, according to a stockholder derivative complaint filed in the US District Court for the Northern District of California.
Internal documents “show that Uber’s fiduciaries breached their duties to the Company by either effectively failing to oversee compliance, or by actively ..."
This article was originally published in Bloomberg Law.
