A lawsuit led by a Detroit pension fund accuses Uber management and its board of putting profits ahead of compliance and safety, decisions that have exposed the company and its shareholders to risk.
The lawsuit, which was filed Monday in the U.S. District Court for the Northern District of California in San Francisco, alleges that Uber is a “serial compliance offender” that has “knowingly” cut corners. This lack of compliance culture has led to thousands of lawsuits by victims who have alleged sexual assault and harassment by drivers, according to the complaint.
