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Securities

Dec. 9, 2024

$200M Uber settlement with investors approved, $58M for attorneys

The settlement resolves allegations that Uber concealed essential information in its 2019 public offering filing, including internal reports of stalling growth and passenger safety issues, as well as reports of sexual assault by drivers.

A federal judge in San Francisco granted final approval of a $200 million settlement between a class of investors and Uber Technologies Inc. in a yearslong securities fraud dispute.

The settlement resolves claims that Uber concealed essential information in its 2019 public offering filing, including internal reports of stalling growth and passenger safety threats, as well as reports of sexual assault by drivers. The class members claimed these omissions resulted in significant inv...

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