LOS ANGELES–(BUSINESS WIRE)–Schall law firma national firm specializing in shareholder rights litigation, announces that it is investigating claims on behalf of investors of Uber Technologies, Inc. (“Uber” or “the Company”) (NYSE: UBER) for violating securities laws.
The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. Uber is the subject of an article published by The Guardian on July 10, 2022, titled: “Uber broke laws, tricked police and secretly pressured governments, leak reveals.” Also according to the article, which is based on 124,000 leaked internal documents, the company broke local laws and used “kill switches” to cut off authorities’ access to sensitive documents. According to the article, the company was aware of its illegal status in certain markets, among other questionable business practices. Based on this news, Uber shares fell more than 5% on July 11, 2022.
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