Further, according to the document, Benchmark did not raise any of the claims it put forth in its lawsuit until its filing, challenging the firm's claim that the investors felt "fraudulently induced" to giving Kalanick control of three board seats.
But just nine days after he went on leave, Benchmark partners Peter Fenton and Matt Cohler came to Kalanick's hotel in Chicago to demand that he submit his permanent resignation as CEO, the filing said.
Benchmark said in the suit it would not have approved the board expansion had it been aware of the controversy surrounding Kalanick and Uber's workplace issues, accusing the CEO of packing the board with supporters.
"Resorting to litigation was an extremely hard step for Benchmark", the statement said.
The controversial exec said that the lawsuit was the first time he heard Benchmark say that it would have never agreed to those seats' addition if it knew about his "gross mismanagement and other misconduct at Uber".
The suit centers on Kalanick creating three additional seats on Uber's board of directors in 2016. "But the Holder report can not be ignored".
"If you were dealing with the average CEO of a venture-backed company, they'd normally look at a lawsuit like this and decide to negotiate instead", Schiffer said. At the US$68 billion valuation that Uber achieved a year ago, Benchmark's stake would be worth nearly US$9 billion. "Failing to act now would mean endorsing behavior that is utterly unacceptable". Kalanick owns 10 percent of the company. Others, such as early investor Shervin Pishevar, have been less enthused. Benchmark said that Kalanick had hid numerous indiscretions in order to be granted those three seats. Shervin Pishevar wants to buy out Benchmark, describing the lawsuit as "holding the company hostage" in a leaked letter. That could be hard to prove, according to legal experts, because Kalanick does not control a clear majority of the board, and even if he did, the possible outcomes are speculative. The board met immediately after Benchmark filed the lawsuit, and the six members not involved in the dispute issued a unanimous statement saying they were "disappointed" with the suit, and calling it destructive to the company, according to the filing.
"If the lawsuit fails, I think they're going to be out of bullets", Schiffer said of Benchmark.
According to Forbes and Bloomberg , Gates remains the richest person in the world, with a fortune worth about $87 billion. They donated $16bn worth of Microsoft shares in 1999 and followed it up with another $5.1bn a year later.
Interaction between the Chinese and United States ships was " safe and professional ", according to an unnamed U.S. official. The United States does not recognize China's claim of sovereignty in that location and regards the area as worldwide waters.
Women's Wear Daily announced the 19 year-old reality star's takings from her cosmetic line amount to $420 million in retail sales. Kylie Jenner's make-up brand Kylie Cosmetics has become hugely popular since she launched her first Lip Kits in November 2015.
That said, the University of Florida remains unwaveringly dedicated to free speech and the spirit of public discourse. Spencer has requested space at the Gainesville campus for September 12 and school President W.
According to the Dragaway's website, there was an event called Larry's Fun Fest being held there from 9 AM to 6 PM Sunday. The suspect remains at large, Kenosha County Sheriff David Beth told a press conference Sunday night.
We need a club hero who we can call our own! "If they are better and they deserve to play, they will play ". They asked, "Who is in your house?' I'd say 'Ginola" and they'd all come because they wanted to see him.
President Donald Trump's daily pronouncements typically are greeted by most Americans with a mixture of sarcasm and humor. But when we take it seriously like this, and threaten as the president did, that is a pretty heavy message.
A White House official on Tuesday said the New York Times story is "disappointing, yet entirely predictable". They say average USA temperatures have risen rapidly since 1980 and are now the warmest in 1,700 years.
The group later clarified that the baby dolphin may have been isolated because it was sick or somehow separated from its mother. Its unexpected arrival drew crowds of tourists and beachgoers last Friday, all seeking to touch it and be photographed with it.
The minister, however, conceded that private consumption has yet to fully recover. The fall in net exports pulled headline growth down by 0.3 percentage points.
Bieber teases first solo song in years
Like we've come to expect from the Biebs, " Friends " dives into a lyrically-driven, vulnerable and revealing storyline. Because ruling the music charts with "Despacito" was not enough, Justin Bieber dropped a new track titled 'Friends '.
North Korea's grave threat demands concerted effort: McMaster
The White House said in a statement that Trump and Xi "agreed North Korea must stop its provocative and escalatory behavior". "(North Korean leader) Kim Jong-Un is a bully with some very strong weapons. a bully has to be countered very strongly".
J&K: LeT top commander killed in encounter in Pulwama
Earlier in the day, Ayub Lelhari was killed in an encounter on with security forces in Jammu and Kashmir's Pulwama . He hailed from Village Haripur in Dehradun and is survived by his Asha Devi and two young daughters.
How Justin Thomas' girlfriend nearly missed his major moment
The 2017 major golf championship schedule began with a thrilling battle that was worthy of crowning a Masters title victor . Spieth won't be second-guessing the reasons why he lost at Quail Hollow."I felt like I struck the ball well", Spieth said.
Watch a Yankees fan deflate during Devers' home run
Though the Red Sox have been in first place for the majority of the season, there's been an apparent lack of interest in the team. He's jumped feet first into this rivalry. "Each day that I come here I try to work hard and make sure I'm giving my best".
Eagles trade Jordan Matthews to Bills for CB Ronald Darby
He was the No. 4 selection in the 2014 draft and has caught 17 touchdowns and 153 passes for 2,459 yards in his three seasons. As a result, it's clear to see that Matthews will be expected to assume No. 1 receiver duties upon his arrival.