Benchmark Capital Sues Ex-Uber CEO Travis Kalanick for Fraud

HIGH STAKES

Published Aug. 10, 2017 4:06PM EDT

Reuters

Benchmark Capital filed a lawsuit Thursday against former Uber CEO Travis Kalanick for fraud, breach of contract, and breach of fiduciary duty, Axios reported. In June 2016 Uber's board of voting directors, which includes a seat for the venture capital firm, expanded from six to 11. Kalanick later named himself to one of the new seats after resigning from his position as CEO. Benchmark is arguing that it would not have allowed him to create additional seats on the board had it know about his “gross mismanagement and other misconduct at Uber,” citing claims that Kalanick allowed sexual harassment to go unpunished. If successful, the ex-CEO could get kicked off the board, eliminating any hopes that he will be able to eventually regain a significant position within the company.

Read it at Axios

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Benchmark Capital Sues Ex-Uber CEO Travis Kalanick for Fraud

Reuters