Cybersecurity
Uber Aims to Shed Troubled Past in Pre-IPO Peace-Making Bonanza
- ‘Lawsuits can distract from the investment story,’ lawyer says
- Startup is praised by attorney who sued over predatory drivers
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Uber Technologies Inc.’s quiet resolution this week of allegations that it put thousands of women at risk of sexual assault by their drivers is just the latest move by the ride-hailing giant to lessen its legal exposure as it speeds toward an initial public offering.
As Uber races against smaller rival Lyft Inc. to stage one of the largest IPOs of all time, its lawyers have been making peace over high-profile disputes left and right.