Uber’s Kalanick, Benchmark Face Off in Court Over Board Fight
- Benchmark claims Kalanick duped firm to get Uber board seats
- Ex-Uber CEO wants investor lawsuit tossed, or arbitrated
Benchmark Sues to Kick Kalanick Off Uber's Board
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Lawyers for Uber Technologies Inc. co-founder Travis Kalanick are facing off before a Delaware judge with venture capital firm Benchmark, the company’s largest shareholder, which is attempting to oust him from the company’s board.
Benchmark took the unusual step earlier this month of waging a public battle with the founder of a startup it invested in, accusing Kalanick of duping the firm in order to gain control of three board seats. Kalanick is fighting back with claims that Benchmark pressured and threatened him into resigning as chief executive officer in June.