Former Uber CEO says investor lawsuit a `public and personal attack`

Former Uber CEO says investor lawsuit a 'public and personal attack'

Last Updated: Fri, Aug 18, 2017 10:36 hrs
Uber CEO Kalanick speaks to students during an interaction at IIT campus in Mumbai

SAN FRANCISCO: The ousted chief executive officer of Uber Technologies Inc called a lawsuit filed against him by one of the company's top investors a "public and personal attack" without merit, according to court documents filed late on Thursday.

Venture capital firm Benchmark Capital, which says it owns 13 percent of Uber and controls 20 percent of the voting power, sued former Uber CEO Travis Kalanick last week to force him off the board, where he still has a seat, and rescind his remaining power there, citing fraud and deception.



Kalanick said in the court filing that the lawsuit is part of Benchmark's larger scheme to oust him from the company he helped found, and take away his power. Benchmark has no proof for its accusations, the documents say, and the legal quarrel should take place in arbitration.

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