Key facts
- Shareholders have filed a lawsuit against Uber's board and management, accusing them of prioritizing profits over safety and compliance.
- The lawsuit alleges that Uber's lack of a compliance culture has led to thousands of lawsuits by victims of sexual assault and harassment by drivers.
- Plaintiffs claim board members breached their fiduciary duty by ignoring repeated warnings about compliance and safety failures.
- The suit seeks personal compensation for alleged harm, return of certain compensation, and implementation of stronger oversight measures.
- Uber has denied the accusations, stating the suit is based on misleading narratives from other meritless lawsuits.
A lawsuit filed by a Detroit pension fund accuses Uber's board and management of prioritizing profits over safety and compliance, exposing the company and its shareholders to significant risks. The suit, lodged in the U.S. District Court for the Northern District of California, alleges Uber has been a "serial compliance offender" that "knowingly" cut corners.
The complaint states that this lack of compliance culture has resulted in thousands of lawsuits from victims who have alleged sexual assault and harassment by drivers. The lawsuit names CEO Dara Khosrowshari and claims that board members breached their fiduciary duty by allegedly ignoring repeated warnings about compliance and safety failures.