Uber investor Benchmark Capital files suit to force Travis Kalanick off the board
San Francisco — Venture capital firm Benchmark Capital is suing former Uber CEO Travis Kalanick to force him off the board of the ride-services company and rescind his ability to fill three board seats, according to the lawsuit. The lawsuit filed on Thursday accuses Kalanick of concealing a range of misdeeds from the board and scheming to retain power at the company even after he was forced to resign as CEO of Uber Technologies in June following a series of scandals. The company is currently seeking a new CEO, a search that has proved difficult. Benchmark’s lawsuit marks a rare instance of a Silicon Valley investor suing the central figure at one of its own startups. The well-regarded venture firm was an early investor in Uber and said in the lawsuit that it owns 13% of Uber and controls 20% of the voting power. Kalanick issued a statement calling the lawsuit "completely without merit and riddled with lies and false allegations". The statement accused Benchmark of "acting in its own...
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