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Uber employees sue over stock price decline
- antasvara 6y agoKinda a shitty thing to do, but do the employees have any legal precedent to stand on?
- kevindong 6y agoI'm not a lawyer. If the equity plan says Uber has the right to accelerate vesting (very, very likely), then the employees probably can't do anything about it.
- sukilot 6y agoThere's an argument that, (like everything else), it's securities fraud, as Uber distorted the books to manipulate the stock price for the IPO. Capital losses are deductible against future gains, though, I think for 5 years?
- 60secz 6y agoNot like uber has been shorting their own stock. will be difficult to prove violation of fiduciary duty
- haneefmubarak 6y agoPaywall workaround: https://outline.com/4TE4T5 https://outline.com/4TE4T5