Kalanick Says Uber Investors' Complaint Must Be Heard in Private Forum
Attorneys for former Uber Technologies Inc. CEO Travis Kalanick on Monday filed to move a public battle over control of the ride-hailing company's board into a confidential arbitration, saying in a Delaware court filing that an investor lawsuit seeking to oust him from the board violated corporate agreements and threatened to harm the company.
August 28, 2017 at 05:39 PM
8 minute read
Attorneys for former Uber Technologies Inc. CEO Travis Kalanick on Monday filed to move a public battle over control of the ride-hailing company's board into a confidential arbitration, saying in a Delaware court filing that an investor lawsuit seeking to oust him from the board violated corporate agreements and threatened to harm the company.
Kalanick, who has called the lawsuit from Benchmark Capital Partners a “personal and public attack,” doubled down on his attacks Monday, just two days before a Delaware judge is set to hear arguments on how the case should proceed.
Benchmark has asked Delaware Court of Chancery Vice Chancellor Sam Glasscock III to expedite the proceedings and to enter a status quo order that would significantly curtail Kalanick's voting rights and prevent him from filling two seats on the company board. Kalanick, however, argues the company's voting agreement means the dispute must be worked out in private.
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