Former Uber CEO Travis Kalanick has lodged an official response to Benchmark’s fraud lawsuit, accusing the Uber investor of executing a plan to oust him “at the most shameful of times,” just after the sudden death of his mother.
In a Delaware court filing, Kalanick argues that his dispute with Benchmark should be handled by arbitration rather than in court. He says there's no need for an injunction to remove him from Uber's board because there "is no uncertainty" about the board's current effectiveness. Kalanick also alleges that Benchmark principals Peter Fenton and Matt Cohler ambushed him and pressured him to sign a resignation letter a week-and-a-half after his mother's funeral, and that Benchmark's claims of fraud "defy common sense" and are based on "information and belief" rather than facts.
At this year's SALT New York conference, Cathie Wood, founder, and CEO of ARK Investment Management LLC, spoke about her view on Bitcoin, the outlook for Tesla and Ark's investment process. Q2 2021 hedge fund letters, conferences and more The investment manager explained that the team at ARK has a five-year investment horizon, with a Read More
How did the two sides get to this point? Here's a timeline of events that led to the lawsuit.
Article by PitchBook