Uber investor sues former CEO Travis Kalanick

Former Uber CEO Travis Kalanick.

Former Uber CEO Travis Kalanick. Money Sharma / AFP / Getty Images

Early Uber investor Benchmark filed a lawsuit on Thursday accusing the ride-hailing company’s co-founder and former CEO, Travis Kalanick, of fraud, breach of contract, and breach of fiduciary duty. The board forced Kalanick to step down in June after a series of sexual harassment scandals sparked criticism of Uber’s corporate culture. Benchmark, a San Francisco-based venture capital firm that holds an Uber board seat, accused Kalanick, who remains on the board, of trying to pull strings to get himself reinstated as CEO, and trying to remain influential by packing the board with allies in “fraudulently procured seats.” Kalanick’s spokesperson said the complaint was “completely without merit and riddled with lies and false allegations.”

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