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  • 08/25/2017 21:09:08

    Philippines says will lift Uber suspension if hefty fine paid

    * Regulator lifts one-month suspension on Uber. * Regulator orders Uber to pay $3.7 mln in fines. * Uber says will comply with the conditions. By Manolo Serapio Jr. The Philippine transport regulator said on Friday it would lift a one-month suspension on Uber Technologies Inc if it paid a penalty of 190 million pesos, a fine nearly 20 times greater than Uber had offered to pay.

  • 08/24/2017 13:22:08

    Investor Benchmark claims ex-Uber CEO is a 'corrosive influence'

    Benchmark Capital called ousted Uber Technologies Inc Chief Executive Travis Kalanick a "corrosive influence" on the ride-services company in a court filing on Thursday, the latest salvo in a battle between the two over Kalanick's presence on Uber's board.

  • 08/14/2017 19:05:32

    Uber investor gave Kalanick a month before suing to force him off board

    (Reuters) - Venture capital firm Benchmark Capital said on Monday it gave Uber Technologies Inc and its ousted chief executive, Travis Kalanick, a month to review its recommendations before filing a lawsuit last week to force Kalanick off the board and rescind his ability to fill three board seats.

  • 08/14/2017 19:03:55

    UPDATE 3-Uber investor gave Kalanick a month before suing to force him off board

    Aug 14 (Reuters) - Venture capital firm Benchmark Capital said on Monday it gave Uber Technologies Inc and its ousted chief executive, Travis Kalanick, a month to review its recommendations before filing a lawsuit last week to force Kalanick off the board and rescind his ability to fill three board seats.

  • 08/10/2017 14:26:38

    Early Uber investor sues former CEO Travis Kalanick, who says suit is 'riddled with lies'

    Benchmark Capital Partners, an investor in Uber Technologies Inc., has sued Uber's former chief executive Travis Kalanick for breach of duty. The complaint, which was filed Thursday in the Delaware Chancery Court, centers on the fact that Kalanick was able to name three new voting directors to Uber's board in 2016, expanding the number of voting directors from eight to 11. Kalanick took one of those seats after his resignation, but the other two have yet to be filled. When approving the expanded number of seats, Benchmark said Kalanick concealed "gross mismanagement," including company harassment issues as well as the acquisition of self-driving truck startup, Otto, which is now at the center of a lawsuit with Alphabet Inc. . Benchmark said it would not have approved the three seats, had it known about these issues, and that Kalanick used the seats to gain power knowing that he could be removed. Kalanick recently resigned from Uber, but has reportedly been trying to come back to the company. "Kalanick's overarching objective is to pack Uber's board with loyal allies in an effort to insulate his prior conduct from scrutiny and clear the path for his eventual return as CEO," the complaint says. Benchmark is asking for an invalidation of that stockholder vote, which would get rid of those three seats and also remove Kalanick from the board. Before that, it is asking the court for preliminary injunction against Kalanick participating, voting or having a say in board matters. A spokesperson for Travis Kalanick said the claims were baseless and Kalanick will continue to act in the interests of Uber and its stakeholders. "The lawsuit is completely without merit and riddled with lies and false allegations," the spokesperson said in an emailed statement to MarketWatch. "Benchmark's lawsuit is a transparent attempt to deprive Travis Kalanick of his rights as a founder and shareholder and to silence his voice regarding the management of the company he helped create."Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/10/2017 13:47:10

    Early Uber investor sues former CEO Travis Kalanick

    Benchmark Capital Partners, an investor in Uber Technologies Inc., has sued Uber's former chief executive Travis Kalanick for breach of duty. The complaint, which was filed Thursday in the Delaware Chancery Court, centers on the fact that Kalanick was able to name three new voting directors to Uber's board in 2016, expanding the number of voting directors from eight to 11. Kalanick took one of those seats after his resignation, but the other two have yet to be filled. When approving the expanded number of seats, Benchmark said Kalanick concealed "gross mismanagement," including company harassment issues as well as the acquisition of self-driving truck startup, Otto, which is now at the center of a lawsuit with Alphabet Inc. . Benchmark said it would not have approved the three seats, had it known about these issues, and that Kalanick used the seats to gain power knowing that he could be removed. Kalanick recently resigned from Uber, but has reportedly been trying to come back to the company. "Kalanick's overarching objective is to pack Uber's board with loyal allies in an effort to insulate his prior conduct from scrutiny and clear the path for his eventual return as CEO," the complaint says. Benchmark is asking for an invalidation of that stockholder vote, which would get rid of those three seats and also remove Kalanick from the board. Before that, it is asking the court for preliminary injunction against Kalanick participating, voting or having a say in board matters.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 07/28/2017 13:11:15

    BRIEF-DG Capital Management reports 9.8 pct passive stake in RiceBran Technologies - SEC filing‍​

    * DG Capital Management LLC reports 9.8 percent passive stake in RiceBran Technologies as of July 20, 2017 - SEC filing‍​ Source text: (http://bit.ly/2vQOGvg) Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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