Shareholders Sue Uber (UBER) Board for Cutting Corners on Compliance, Leading to

Uber Technologies, Inc. (NYSE:UBER) is one of the top trending US stocks to buy now. Reuters reported on June 22 that Uber Technologies' (NYSE:UBER) board was sued on Monday by shareholders accusing directors and management of letting the company cut corners on compliance, resulting in thousands of lawsuits from victims of harassment and sexual assault. The complaint was filed in San Francisco federal court, with shareholders led by ​a Detroit pension fund saying that board members ignored repeated internal and external warnings ⁠regarding the company's alleged failure to address sexual abuse by drivers.

In another development, Reuters reported on June 11 that Lyft has joined Uber Technologies, Inc. (NYSE:UBER) in suing New York City to block a new law that, according to them, would force them to keep bad drivers who threaten passenger and public safety on their platforms. Lyft's lawsuit was filed in Manhattan federal court late Wednesday, 24 hours after Uber Technologies, Inc. (NYSE:UBER) sued the city. The two companies are challenging Local Law 52 of 2026, which ​generally prevents large ride-sharing companies from swiftly dismissing drivers absent a "just cause" or "bona fide

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/shareholders-sue-uber-uber-board-192122273.html)