SAN DIEGO, July 12, 2022 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP (www.JohnsonFistel.com) is investigating whether Uber Technologies, Inc. UBER, any of its executive officers, or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focus on investors' losses and whether they may be recovered under the federal securities laws.
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What is Johnson Fistel investigating? On July 11, 2022, the Guardian published an article titled, "Uber broke laws, duped police and secretly lobbied governments, leak reveals." The article states that 124,000 documents leaked from Uber exposing "ethically questionable practices." During the fierce global backlash, the data shows how Uber tried to shore up support by discreetly courting prime ministers, presidents, billionaires, oligarchs, and media barons. Leaked messages suggest Uber executives were at the same time under no illusions about the company's law-breaking, with one executive joking they had become "pirates" and another conceding: "We're just f***ing illegal." Against this backdrop, Uber developed sophisticated methods to thwart law enforcement. One was known internally at Uber as a "kill switch". When an Uber office was raided,...
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