Kalanick Moves to Force Benchmark's Case Seeking Board Ouster to Arbitration
Travis Kalanick, the former CEO of Uber Technologies Inc., pushed back late Thursday against an investor's attempt to force him off the ride-hailing company's board, saying that a dispute over his control of three board seats must be settled in arbitration.
August 18, 2017 at 02:46 PM
8 minute read
Travis Kalanick, the former CEO of Uber Technologies Inc., pushed back late Thursday against an investor's attempt to force him off the ride-hailing company's board, saying that a dispute over his control of three board seats must be settled in arbitration.
Kalanick's move, outlined in a 15-page court filing, seeks to strip Delaware's Court of Chancery of its jurisdiction over Benchmark Capital Partners' fraud suit and move what Kalanick called a “public and personal” attack into a confidential setting.
The venture capital firm has accused Kalanick of hiding a series of scandals in order to expand Uber's eight-member board to 11, in an effort to entrench himself after resigning as CEO in June. Kalanick appointed himself to one of the three seats and has the ability to fill the other two.
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