A Detroit pension fund has filed a derivative lawsuit against Uber’s board and CEO Dara Khosrowshahi, alleging they breached fiduciary duties by prioritizing profits over compliance and safety. The suit, filed Monday in the U.S. District Court for the Northern District of California, claims Uber is a serial compliance offender that knowingly cut corners, leading to thousands of lawsuits from victims of sexual assault and harassment by drivers. Plaintiffs seek personal compensation from directors, return of certain compensation, and stronger oversight measures. An Uber spokesperson dismissed the suit as based on misleading, false narratives from meritless lawsuits already addressed publicly and in court.
Uber Technologies IncDerivative lawsuit alleges board breached fiduciary duties by prioritizing profits over safety, leading to thousands of sexual assault lawsuits.