Uber Backer Benchmark Sues to Kick Kalanick Off Board
- Kalanick accused of concealing wrongdoing from shareholders
- Suit another salvo in battle between Kalanick and Benchmark
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.' (Source: Bloomberg)
Ex-Uber Technologies Inc. Chief Executive Officer Travis Kalanick duped investor Benchmark into allowing him to fill three of the ride-hailing company’s board seats, according to a lawsuit filed Thursday calling for his ouster as a company director.
The lawsuit is the culmination of a bitter fight between Benchmark and Kalanick. Bill Gurley, a partner at the venture capital firm, led an effort to oust Kalanick as CEO in June. Benchmark, an early Uber backer with a 13 percent stake in the company, says Kalanick sought to pack the board with allies willing to keep him as a director after he resigned.