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Sep. 27, 2017

Retirement Fund investors file class action against Uber

Summary: The Irving Firemen’s Relief & Retirement Fund has filed a class action against Uber, accusing it of a pattern of dishonesty that led to an overvaluation of its securities.

With a complaint that reads like a dirty laundry list of Uber’s alleged and admitted misdeeds, the Irving Firemen’s Relief & Retirement Fund filed a class action against the ride-sharing company Tuesday, accusing it of a pattern of dishonesty that led to an overvaluation of Uber securities.

The action claims Uber was engaged in a wide-ranging series of unethical business practices which, once revealed, caused Uber securities to ...

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