A major Uber investor on Thursday sued founder Travis Kalanick, accusing the recently departed chief executive of covering misdeeds while rigging the board in order to return to power at the company.
In a blockbuster lawsuit, Uber Technologies Inc. investor Benchmark Capital today sued embattled former Chief Executive Travis Kalanick for fraud and breach of contract and fiduciary duty. Neither Benchmark nor Kalanick could be reached for comment. Benchmark Capital, which has a board seat at Uber, first invested $11 million in the company during its Series A funding round in 2011.
Investor Benchmark Capital is chafing at the idea, however, and filed suit against its former colleague in DE on Thursday for fraud and breach of contract.
Kalanick's pugnacious style largely defined Uber's approach and helped it become a transportation colossus valued at $68 billion, the largest private firm backed by venture capitalists in the world.
Benchmark wants the court to invalidate the expansion vote, which would remove Kalanick from the board, and in the meantime wants him banned from participating in board activities such as the CEO search.
Kalanick, Camp and Graves together hold a significant voting stake in Uber.
The filing alleges that Kalanick made "material misstatements" and hid crucial information about company problems from the board in order to attain more power there.
Uberreportedly declined comment, though a spokesman for Kalanick told Axios that the suit is "completely without merit and riddled with lies and false allegations". This is continued evidence of Benchmark acting in its own best interests contrary to the interests of Uber, its employees and its other shareholders.
Kalanick also didn't mention to Benchmark "a pervasive culture of gender discrimination and sexual harassment and a hose of other inappropriate and unethical directives" he issued, the suit contended.
When sister Kim Kardashian launched KKW Beauty in June 2017, it looked as though her sales might overtake Kylie Cosmetics . But admittedly, Kylie simply uses her social media accounts such as her Snapchat, to inform her potential customers.
This is not the first time that the company has announced the Soft Gold variant of its flagship after the main launch event. The device is available for $479 and it has the same specs as the other OnePlus 5 colour variants.
Socialist Party leaders have said Ortega failed to help control opposition protests, which have left more than 125 people dead. On Tuesday Padrino addressed the Constituent Assembly in uniform, after the military earned unanimous backing from the body.
Christie, who wrote much of the report , was not among the dozen people at the meeting because he is on vacation overseas. It is speculated that Trump is likely to address one or more of these recommendations in his address today.
Officials at the Kopernik Observatory say it may come closer to our area giving us a higher chance to view it within the totality. Clouds could always spoil the view, so eclipse watchers need to be ready to split for somewhere with clear skies, if necessary.
Johansson said she will "never ever" talk about the end of her marriage for the sake of the couple's daughter, Rose, born in 2014. Written by Faris with a foreward written by Pratt, it was being shopped to publishers before they announced their separation .
He argued that the court should cancel registration of PML in the ECP as it was in the name of disqualified Nawaz Sharif. Qadri has vowed to get justice for eight supporters killed during anti-government rallies in 2014.
Three of the six injured soldiers are in a serious condition, but their lives are not in danger, according to the ministry. London and France have both been hit by car-ramming terror attacks in the last 18 months.
And this is to say nothing of the various legal and constitutional complications that would immediately become clear. Fifty-six percent support postponing the election if Trump and congressional Republicans called for it.
President Rodrigo Duterte downplayed the ruling as part of his push for broader bilateral relations with Beijing. Its claims overlap with those of Asean members Vietnam, the Philippines, Malaysia and Brunei.
For a long time researchers have tried to come up with a mechanism that could treat and even fix brain injuries. The cargo is delivered by zapping the device with a small electrical charge that's barely felt by the patient.
HBO hackers leak GoT personal info and demand ransom
HBO , however, denies that its email system in its entirety is in danger, conceding that "propriety information" has been stolen. Now hackers are confirming what data they have and their latest demand will surely give HBO people a nightmare.