Uber, Kalanick defeat lawsuit by investors who blamed scandals for losses

Uber Technologies and its former Chief Executive Officer Travis Kalanick defeated a lawsuit claiming the company swept illicit business practices under the rug that cost investors billions of dollars.
 
US District Judge Haywood S Gilliam Jr in Oakland, California, on Friday agreed with Uber’s and Kalanick’s bid to toss the class-action claims by a Texas city’s firefighter pension fund while allowing the fund to revise and refile the complaint.
 
The lawsuit "does not specifically tie any particular misrepresentation by defendants to a decline in Uber’s stock price," Gilliam wrote in his ruling. Instead it "lumps together" scandals and