Levi & Korsinsky Announces Uber Technologies Class Action Investigation; UBER Lawsuit

Class Action Reports

Levi & Korsinsky Announces Uber Technologies Class Action Investigation; UBER Lawsuit

Levi & Korsinsky, LLP

October 25, 2019

Levi & Korsinsky, LLP announces that a UBER class action lawsuit has been commenced on behalf of investors who purchased Uber Technologies, Inc. (UBER) pursuant and/or traceable to the Company’s initial public offering in May 10, 2019. For more on the Uber Technologies Class Action please contact us today.

According to the Uber Technologies lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) at the time of the initial public offering, Uber was rapidly increasing subsidies for customer’s rides and meals in a bid for market share, which caused the Company’s sales and marketing expenses to swell; and (2) Defendants were cutting (or planned to cut) costs in key areas that undermined the Company’s central growth opportunities.

TO LEARN MORE ABOUT THE UBER CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/uber-technologies-inc-loss-form?prid=4016&wire=1

If you suffered a loss in Uber Technologies you have until December 3, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com