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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Uber Technologies, Inc. – UBER

1. FTC alleges Uber engaged in unlawful practices regarding subscription service charges. 2. Uber's stock fell 3.08% following FTC lawsuit announcement. 3. Pomerantz LLP investigates potential securities fraud by Uber. 4. Investors advised to join class action regarding alleged fraud claims.

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Why Bearish?

The FTC lawsuit indicates legal risks that could depress stock value. Similar past FTC actions have led to significant stock declines for tech companies.

How important is it?

The allegations and potential financial consequences are highly relevant to Uber's stock performance. Legal issues can deter investment and trigger further scrutiny from regulators.

Why Short Term?

Negative investor sentiment may persist until lawsuit outcomes are clearer, often impacting price in the near term. Previous lawsuits have caused short-term volatility in affected stocks.

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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.  [Click here for information about joining the class action] 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. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLPdpeyton@pomlaw.com646-581-9980 ext. 7980

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