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UBER.US
id: 108, Created by Iaroslav Semashko, Scout
Uber Technologies Inc
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N.D. California
CourtOn Sunday, July 10, 2022, major media including The Guardian and Bloomberg published reports regarding “Uber Files”, a cache of 124,000
internal Uber records, spanning from 2013 to 2017. These files revealed, among other things, how Uber secretly met with various government officials and politicians to skirt laws and regulations around the world, as well as risked Uber drivers’ safety, to advance the Company’s growth, and how all the foregoing conduct was known to, and in fact encouraged by, the
Company’s top management.
Investors were not properly informed about the scale of violations and related reputational and governmental risks.
On the leak of the internal files Uber’s stock price fell 5.15% (Monday, July 11, 2022).
Alleged Offence
Misleading Statements,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
10 July 2022