Published: Thu, August 10, 2017
Electronics | By Jesus Weaver

Benchmark sues former Uber CEO Travis Kalanick

Benchmark sues former Uber CEO Travis Kalanick

Earlier this week another longtime Kalanick ally, co-founder Garrett Camp, sent a memo to employees saying that "Travis is not returning as CEO", according to a copy obtained by tech website Recode. The ousted Uber CEO is now being sued for fraud by one of the ride-hailing company's most important investors. Benchmark says it never would have voted to allow for those extra seats had it known about Kalanick's "gross mismanagement and other misconduct at Uber".

In a lawsuit filed in DE on Thursday, the San Francisco-based venture capital firm, which holds an Uber board seat, accused Kalanick, the company's co-founder, of engaging in a power play to get himself reinstated as CEO.

The suit, filed Thursday in Delaware Chancery Court, accuses Kalanick of trying to "entrench himself on Uber's Board of Directors and increase his power over Uber for his own selfish ends".

Uber and Benchmark Capital did not immediately respond to requests for comment.

Benchmark is firmly Team Not-Travis. It's the latest sign that, despite Kalanick's recent resignation from Uber, the company continues to find itself immeshed in Kalanick-related chaos. He still remains on the company's board, but has interfered with the new CEO search, according to Benchmark's lawsuit. Reports have suggested that Kalanick has been telling people that he's "Steve Jobs-In it" and will be back at the helm. The firm was also instrumental in forcing Kalanick to resign in June.

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