Ekhbary News Agency
San Francisco — A Detroit pension fund is leading a shareholder lawsuit accusing Uber's management and board of directors of prioritizing profits over compliance and safety. Filed Monday in the U.S. District Court for the Northern District of California, the suit alleges Uber has been a "serial compliance offender" that "knowingly" cut corners, exposing the company and its shareholders to risk. This alleged lack of a compliance culture has resulted in thousands of lawsuits from victims claiming sexual assault and harassment by drivers, according to the complaint.
Board Members Accused of Breaching Duty
The lawsuit names CEO Dara Khosrowshahi and claims board members breached their fiduciary duty by ignoring repeated warnings about safety and compliance failures. Plaintiffs are seeking personal compensation for the company from Uber's leaders, the return of certain compensation, and the implementation of stronger oversight measures. The complaint states victims of this non-compliance culture include those who suffered sexual assault and harassment, as well as customers with disabilities and unwary consumers.
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Uber Denies Allegations
An Uber spokesperson pushed back on the accusations, stating in an emailed release, "This suit ignores important facts and is based on misleading, false narratives from other meritless lawsuits that we have already addressed publicly and in the courtroom." Derivative lawsuits, where shareholders sue directors on behalf of a corporation, are not uncommon for companies like Uber.
