RADNOR, Pa., Dec. 15, 2017 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP announces that it is investigating Uber Technologies, Inc. ("Uber" or the "Company") on behalf of the Company's investors.
Since June 2014, Uber has raised over $10 billion from investors through private fundraising rounds, either directly or indirectly through pass-through investment vehicles. Those fundraising rounds resulted in the issuance of Series D, Series E, Series F, and Series G Preferred Stock to investors and investment entities. During that same time period, Uber's valuation reportedly increased from approximately $18 billion to $68 billion.
On August 23, 2017, Bloomberg reported that several mutual fund investors "marked down the value of their shares of Uber Technologies Inc. by as much as 15 percent following a drumbeat of bad news, lawsuits and boardroom battles at the ride-hailing company."
More recently, on November 28, 2017, The Street.com reported that Uber's "string of leadership and business failures may have cost investors more than $20 billion, according to reports that suggest Japan's SoftBank is seeking a 30% discount on its massive investment in the ride sharing group." Similarly, The Economic Times reported that SoftBank's offer "would value the ride-hailing company at $48 billion, or about 30 percent lower than the valuation it fetched in its most recent round of fundraising."
Uber investors who wish to discuss the investigation and/or their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (James Maro, Esq. or Adrienne O. Bell, Esq.) at (888) 299 – 7706 or at firstname.lastname@example.org. For additional information about the investigation, or to request information about the investigation online, please visit www.ktmc.com/uber-technologies-inc-investors.
Kessler Topaz Meltzer & Check prosecutes class actions on behalf of investors in state and federal courts throughout the country. Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. For more information about Kessler Topaz Meltzer & Check please visit www.ktmc.com.
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Kessler Topaz Meltzer & Check, LLP
James Maro, Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
SOURCE Kessler Topaz Meltzer & Check, LLP