Benchmark Sues to Kick Kalanick Off Uber's Board




Aug.10 -- Ex-Uber Technologies Chief Executive Officer Travis Kalanick allegedly duped investor Benchmark into allowing him to fill three of the ride-sharing company's board seats, according to a lawsuit filed Thursday calling for his ouster as a company director. Bloomberg's Brad Stone has more on "Bloomberg Markets."

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Uber's ousted CEO calls investor lawsuit unfounded

Uber's ousted chief executive and company founder Travis Kalanick is asking for the dismissal of an investor lawsuit against him, calling it part of a personal attack aimed at sidelining him. A response Thursday to a lawsuit filed last week by early Uber investor Benchmark Capital said the litigation was part of a "shameful" effort to remove Kalanick from any role at the ridesharing giant. The Benchmark lawsuit filed in a Delaware court accused Kalanick of fraud, breach of contract and of plotting to manipulate the board of directors to allow him to return as CEO following his resignation in June.

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