Investors Seek Approval Of $200M Settlement Of Uber IPO Misstatement Allegations

Mealey's (July 24, 2024, 12:17 PM EDT) -- SAN FRANCISCO — Investors who brought claims against ride sharing company Uber Technologies Inc. and certain of its executives told a federal court in California that they had settled their allegations that the company issued a series of misleading statements in the lead-up to its May 2019 initial public offering (IPO); the investors say Uber agreed to settle the claims for $200 million....