Benchmark Capital, three of the biggest investors in ride-hailing service Uber, has filed a lawsuit against founder and former CEO Travis Kalanick, claiming he created seats on the company board that only he could fill after concealing what he knew about various issues affecting Uber. In papers filed at Delaware Chancery Court, Benchmark Capital, which owns a 13% stake in Uber, worth around $9bn, said had it been aware of the "gross mismanagement and other misconduct at Uber" it would not have allowed him to have the seats. Kalanick said the suit was "riddled with lies and false allegations".
Benchmark Capital, one of the biggest investors in ride-hailing service Uber, has filed a lawsuit against founder and former CEO Travis Kalanick, claiming he created seats on the company board that only he could fill after concealing what he knew about various issues affecting Uber. In papers filed at Delaware Chancery Court, Benchmark Capital, which owns a 13% stake in Uber, worth around $9bn, said had it been aware of the "gross mismanagement and other misconduct at Uber" it would not have allowed him to have the seats. Kalanick said the suit was "riddled with lies and false allegations".