Uber battle escalates as investors try to intervene in Benchmark lawsuit


  • TECH
  • Friday, 25 Aug 2017

Pishevar said Benchmark's effort to remove Kalanick from Uber's board was aimed at gaining control of the company.

SAN FRANCISCO: A battle among shareholders over Uber Technologies Inc escalated on Thursday as some investors sought to fight a lawsuit by shareholder Benchmark Capital against ousted chief executive Travis Kalanick. 

In a letter to the Uber board of directors seen by Reuters, Shervin Pishevar, a venture capitalist with Sherpa Capital who is an Uber investor and critic of Benchmark, said he was seeking to intervene in the lawsuit filed Aug 10.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Elon Musk says Tesla will spend $500 million to expand charging network
Binance registers with India's financial watchdog as it seeks to resume operations
FBI working towards nabbing Scattered Spider hackers, official says
Crypto group with 440,000 members launches PAC to target House, Senate elections
TikTok to start labelling AI-generated content as technology becomes more universal
Hong Kong businesses embrace potential of silver economy with more services, tech for rising number of elderly
China carer devotes life to solitary elderly man for 12 years, gets five flats worth millions in thanks for efforts, wins plaudits online
Einstein and anime: Hong Kong university tests AI professors
Foxconn's Q1 profit to jump from low base, AI to power growth
China tech giant Baidu VP apologises after backlash over tough style

Others Also Read