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Uber investor sues co-founder Kalanick

Kalanick called the lawsuit completely without merit and riddled with lies and false allegations

Heather Somerville & Melissa Wen | Reuters 

Venture capital firm Benchmark Capital is suing former Uber Chief Executive Officer Travis Kalanick to force him off the board of the ride-services company and rescind his ability to fill three board seats, according to the lawsuit. The lawsuit filed Thursday accuses Kalanick of concealing a range of misdeeds from the board and scheming to retain power at the company even after he was forced to resign as chief executive of Uber Technologies in June following a series of scandals. The company is currently seeking a new CEO, a search that has proved difficult. Benchmark's lawsuit marks a ...

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First Published: Sat, August 12 2017. 03:12 IST