Tagged With benchmark capital

Benchmark Capital, one of Uber's largest investors, is trying to explain its legal feud with former CEO Travis Kalanick to the ride-sharing company's employees. Benchmark sued Kalanick for fraud last week, adding another controversy to the company's already disastrous winter.

Hot on the heels of reports that Uber-founder Travis Kalanick has been trying to sabotage the search for his replacement as CEO of the company, board member Benchmark Capital is suing him and Uber for fraud, breach of contract, and breach of fiduciary duty. According to the suit, the investment firm wants Kalanick removed from his position on the board altogether, effectively ending his tenure at the company.