(FILES) This file photo taken on March 10, 2017 shows Uber signage is seen outside the entrance of the ride-hailing giant's office in Hong Kong on March 10, 2017. US ride-hailing app Uber has had its licence suspended in the British city of Sheffield for failing to respond to requests for information about its management, city officials said on Thursday. / AFP PHOTO / Anthony WALLACE
Uber Technologies Inc directors were accused of failing to properly review the ride-sharing company’s US$680mil (RM2.77bil) acquisition of a self-driving technology firm that wound up being accused of stealing trade secrets from a unit of Alphabet Inc.
Uber’s board recklessly approved the purchase of a company owned by former Google engineer Anthony Levandowski, who has been accused of stealing seven years of research material about self-driving cars from his former employer, according to an investor’s lawsuit in Delaware Chancery Court.
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