Shareholders are suing Uber's board of directors for allegedly cutting corners on compliance with various laws and regulations. The lawsuit, filed by a Detroit pension fund, claims that the board and management have engaged in reckless behavior that has led to thousands of lawsuits over the years.
According to the lawsuit, Uber's leadership has failed to properly oversee its operations, resulting in numerous instances of sexual assault and other incidents. Despite these serious allegations, the company has been accused of downplaying or ignoring them, leading to a proliferation of lawsuits against Uber employees and riders alike.
The Detroit pension fund claims that the board's decision to cut costs on compliance with labor laws and regulations has put thousands of people at risk of harm. The lawsuit seeks to hold the board accountable for their actions and to ensure that Uber takes steps to prevent future incidents. If convicted, the board members could face serious consequences including fines and penalties.