investors can Contact the law firm for free to learn more about recovering their losses
LOS ANGELES, Sept. 15, 2022 (GLOBE NEWSWIRE) — The law firm of Portnoy advises Uber Technologies, Inc. (“Uber” or the “Company”) ABOVE Investors that a class action lawsuit has been filed on behalf of investors. Uber investors who have lost money investing are encouraged to do so Contact Lesley Portnoy, Esq.
Investors are encouraged to contact an attorney Lesley F Portnoyby phone 844-767-8529 or E-mail: lesley@portnoylaw.comto discuss your legal rights, or click here to join the case about www.portnoylaw.com. Portnoy Law Firm can provide a free case assessment and discuss investors’ options for making claims to recover their losses.
The lawsuit alleges that the defendants made materially false and misleading statements regarding Uber’s business, operational and compliance policies throughout the class period. Specifically, Defendants have made false and/or misleading statements and/or failed to disclose that: (i) Uber had flawed disclosure controls and procedures; (ii) Uber has concealed and/or downplayed the full extent and seriousness of its past misconduct, including, without limitation, the extent to which it has covertly incited government officials and politicians to circumvent legal and regulatory requirements, and knowingly the security of Uber has risked Uber drivers to fuel the company’s global growth; (iii) as a result, Uber’s current global footprint and market share is, to a significant extent, the by-product of previously undisclosed, unsustainable and illegal business practices; (iv) all of this, once known, was likely to have a negative impact on Uber’s reputation and exposed the company to increased risk of regulatory and regulatory scrutiny and enforcement action; and (v) as a result, the Company’s public statements were, at all relevant times, materially false and misleading.
On Sunday, July 10, 2022, news surfaced about a cache of 124,000 internal…
