NEW YORK, April 25, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Uber Technologies, Inc. (“Uber” or the “Company”) (NYSE: UBER). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Uber and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On April 21, 2025, the Federal Trade Commission (“FTC”) filed a lawsuit against Uber, alleging violations of the FTC Act and the Restore Online Shoppers’ Confidence Act. The FTC’s lawsuit specifically alleges that Uber’s Uber One subscription service charged customers without their consent, failed to deliver promised savings, and made it difficult for users to cancel their subscriptions.
Following news of the FTC’s lawsuit, Uber’s stock price fell $2.23 per share, or 3.08%, to close at $72.92 per share on April 21, 2025.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980