Detroit pension fund sues Uber board over alleged compliance failures linked to sexual assault lawsuits
By
Kirsten Korosec
Summary
A Detroit pension fund has filed a lawsuit against Uber's board and management, accusing them of prioritizing profits over compliance and safety. The lawsuit, filed in the U.S. District Court for the Northern District of California, alleges Uber is a "serial compliance offender" that has knowingly cut corners, leading to thousands of lawsuits from victims of sexual assaults and other incidents. The suit claims these decisions have exposed both the company and its shareholders to significant risk.
Source
bskyDetroit pension fund sues Uber board over alleged compliance failures linked to sexual assault lawsuitstechcrunch.comKey quotes
· 2 pulledThe lawsuit alleges that Uber is a 'serial compliance offender' that has 'knowingly' cut corners.
This lack of compliance culture has led to thousands of lawsuits by victims who have alleged...
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