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Boston Retirement System v. Uber Technologies, Inc. et al

  1. December 04, 2024

    Uber Investors' Attys Awarded $58M In $200M IPO Suit Deal

    A California federal judge granted final approval Wednesday to Uber's $200 million deal settling class claims from investors accusing it of making false and misleading statements ahead of its initial public offering, and also awarded $58 million for attorney fees that he called quite "substantial" but "warranted."

  2. August 08, 2024

    Uber's $200M Deal To End Investors' 'Train Wreck' IPO Suit OK'd

    A California federal judge granted preliminary approval Thursday to Uber's $200 million class action deal with investors who claim the ride-hailing giant made false and misleading statements ahead of its $8.1 billion initial public offering regarding its passenger safety record, financial condition and the legality of its business model.

  3. July 22, 2024

    Uber, Investors Ink $200M Deal To End 'Train Wreck' IPO Suit

    Uber Technologies Inc. has agreed to pay $200 million to exit a class action accusing it of failing to inform investors about significant business risks tied to stalling growth and potential legal issues ahead of its $8.1 billion initial public offering in 2019.

  4. July 27, 2022

    Uber Investors Get Class Cert. In 'Train Wreck' IPO Suit

    A California federal judge has certified a class of Uber investors who allege the ride-hailing giant duped them about numerous corporate scandals, overhyped its business prospects and downplayed risks ahead of its May 2019 initial public offering.

  5. November 01, 2021

    Uber Investors Eye Class Cert. In Suit Over 'Train Wreck' IPO

    Investors have asked a California federal judge to certify their consolidated class alleging ride-hailing giant Uber Technologies Inc. duped shareholders about numerous corporate scandals, overhyped its business prospects and downplayed risks ahead of its May 2019 initial public offering.

  6. October 04, 2021

    Uber Must Face New Class Members' Claims In IPO Suit

    A California federal judge rejected an attempt by Uber to dismiss a consolidated proposed class action against it that alleges the ride-sharing company duped shareholders about numerous corporate scandals and downplayed risks ahead of its May 2019 initial public offering.

  7. September 14, 2021

    Uber Aims To Slash 'Piggyback' Investor Claims In IPO Suit

    Uber has asked a California federal judge to slash a consolidated proposed class action alleging the ride-hailing giant duped shareholders about numerous corporate scandals and downplayed risks ahead of its May 2019 initial public offering, saying certain investors can't "piggyback" on this suit.

  8. September 28, 2020

    Uber Investors Seek Class Cert. In Scandal-Scarred IPO Suit

    Uber Technologies Inc. investors have asked a California federal judge to certify a securities class action alleging the ride-hailing giant duped shareholders about numerous corporate scandals, overhyped its business prospects and downplayed risks ahead of its May 2019 initial public offering.

  9. August 10, 2020

    Uber Can't Escape Investor Suit Over Scandal-Scarred IPO

    A California federal judge said Uber must face a proposed securities class action alleging it duped shareholders about its numerous corporate scandals and downplayed risks ahead of its May 2019 initial public offering, saying there's enough to suggest that Uber may have overhyped its business prospects.

  10. May 06, 2020

    Uber Aims To Kill Suit Over Post-IPO Stock Price Slide

    Uber Technologies Inc. and a handful of executives have asked a California federal judge to throw out a suit alleging that the ride-hailing giant misled shareholders in the run-up to its initial public offering, causing them to lose money when the company's stock price dropped.

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