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

1. Pomerantz LLP investigates Uber for potential securities fraud claims. 2. FTC's lawsuit accuses Uber of unauthorized charges and mishandled subscription cancellations. 3. Uber's stock fell 3.08% following the lawsuit announcement. 4. Investors can join the class action against Uber through Pomerantz LLP. 5. The firm has a strong history in corporate and securities litigation.

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FAQ

Why Bearish?

The FTC's lawsuit indicates serious legal and regulatory challenges for Uber, echoing past instances like Lyft's legal troubles that similarly pressured shares.

How important is it?

The legal implications from the FTC lawsuit can significantly undermine investor confidence and affect stock performance in the coming months.

Why Short Term?

The immediate impact of the lawsuit may lead to greater scrutiny and influence short-term investor sentiment, similar to past lawsuits affecting stock prices.

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NEW YORK, April 29, 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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