The Uber class action lawsuit seeks to represent purchasers or acquirers of Uber Technologies, Inc. (NYSE: UBER) common stock between May 31, 2019 and July 8, 2022, inclusive (the “Class Period”). The Uber class action lawsuit – captioned Cao v. Uber Technologies, Inc., No. 22-cv-04688 (N.D. Cal.) – charges Uber and certain of its top executive officers with violations of the Securities Exchange Act of 1934.
If you suffered losses in Uber stock and wish to serve as lead plaintiff of the Uber class action lawsuit, please provide your information below. You can also contact Uber Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected]. Lead plaintiff motions for the Uber class action lawsuit must be filed with the court no later than October 17, 2022. If you suffered losses in Uber stock and have questions, please contact Uber Stock Loss Lawyer Timothy L. Miles today.
Allegations in the Uber Class Action Lawsuit
The Uber class action lawsuit alleges that defendants made false and/or misleading statements and/or failed to disclose that: (i) Uber had defective disclosure controls and procedures; (ii) Uber concealed and/or downplayed the full scope and severity of its prior misconduct, including, among other things, the extent to which it secretly lobbied government officials and politicians to bypass legal and regulatory requirements, as well as knowingly risked the safety of Uber drivers, to fuel Uber’s global growth; (iii) as a result, Uber’s present global footprint and market share is in significant part the byproduct of previously undisclosed, unsustainable, and illegal business practices; (iv) all the foregoing, once revealed, was likely to negatively impact Uber’s reputation, as well as subject Uber to a heightened risk of governmental and regulatory scrutiny and enforcement action; and (v) thus, Uber’s public statements were materially false and misleading at all relevant times.
On July 10, 2022, news reports emerged regarding a cache of 124,000 internal Uber records, dubbed the “Uber Files” by media outlets, spanning from 2013 to 2017, that were leaked to The Guardian and subsequently shared with the International Consortium of Investigative Journalists and other news outlets. These files revealed, among other things, how Uber secretly met with various government officials and politicians to skirt laws and regulations around the world, as well as risked Uber drivers’ safety, to advance Uber’s growth, and how all the foregoing conduct was known to, and in fact encouraged by, Uber’s top management. On this news, Uber’s stock price fell by more than 5%, damaging investors.
The Lead Plaintiff Process in the Uber Class Action Lawsuit
The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in Uber to seek appointment as lead plaintiff in the Uber class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the class action lawsuit. An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. If you suffered losses in Uber stock, and have further questions, contact Uber Stock Loss Lawyer Timothy L. Miles today.
How Can an Uber Stock Loss Lawyer Help Me?
An Uber Stock Loss Lawyer is well-versed in the complex laws that govern the securities industry and litigation. An Uber Stock Loss Lawyer focuses on representing individual investors or funds who have been the victims of fraud or who have disputes with investment professionals. Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer. In most cases, if they have lost money due to mistakes, incompetence, or fraud by an investment professional. While FINRA, the SEC, and state securities regulators serve a vital role in protecting investors, they simply have too many individuals, firms, and market transactions to monitor to discovery every act of fraud or negligence. Individual investors should consult with a securities lawyer if they have lost money due to fraud or stockbroker misconduct, such as an Uber Stock Loss Lawyer who will work to recover the losses you sustained through an Uber Class Action lawsuit.
Contact an Uber Stock Loss Lawyer if You Suffered Losses in Uber Stock
If you suffered losses in Uber stock, contact Uber Stock Loss Lawyer Timothy L. Miles today about a Uber class action lawsuit, and see what a Uber Stock Loss Lawyer can do for you.
Timothy L. Miles, Esq.
Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles was recentely selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, and more.
Timothy L. Miles
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