NEW YORK, July 12 18, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors in Uber Technologies, Inc. (“Uber” or the “Company”) (NYSE: UBER). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529 ext. 7980.
The investigation focuses on whether Uber and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.
On July 11, 2022, The Guardian released an expose based on leaked 124,000 internal documents that “revealed the inside story of how tech giant Uber flouted laws, tricked police, exploited violence against drivers and covertly pressured on governments during its aggressive global expansion”. Among other news, The Guardian reported that “[d]amid the violent global reaction [to Uber’s expansion]the data shows how Uber has tried to show support by quietly courting prime ministers, presidents, billionaires, oligarchs and media barons” and that “[l]Erroneous messages suggest that Uber executives were under no illusions about the company’s legal violations at the same time, with one executive joking that they had become “pirates” and another licensor: “We are just [expletive deleted] illegal.'”
On this news, Uber’s stock price fell $1.15 per share, or 5.15%, to close at $21.19 per share on July 11, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris and Tel Aviv, is recognized as one of the leading law firms in the areas of corporate litigation, securities and antitrust. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he established, fighting for the rights of victims of securities fraud, breaches of fiduciary duty and corporate misconduct. The firm recovered numerous multimillion-dollar damages on behalf of class members. See www.pomlaw.com
Robert S. Willoughby
888-476-6529 ext. 7980
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