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 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.
The deal eased sanctions on Iran in exchange for curbs to its nuclear programme and was endorsed by a United Nations resolution. During his campaign he threatened to tear up the 2015 nuclear deal with Iran, which he has called "the worst deal ever".
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.
Marquez's soccer academy and health and rehabilitation clinics were among the sanctioned organizations , according to Reuters. Marquez gave a statement to Mexican authorities on Wednesday and denied the charges in a press conference on Wednesday night.
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.
The report said the worst that has happened earlier was an isolated slap or pushing between soldiers from the two sides. The two nuclear-armed neighbours fought a brief war in 1962 in India's border state of Arunachal Pradesh.
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 '.
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".
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.
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.
Parsing Tough Rhetoric On North Korea 15:00 Download
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.