It must have been a bittersweet day for Travis Kalanick, the co-founder and former chief executive of Uber. The lawsuit sought to void three board seats created last year, one of which Kalanick currently occupies, which would in effect remove Kalanick as a company director. In his own court filing, Kalanick had sought to have the case moved to arbitration. The lawsuit alleges that Kalanick withheld information from Benchmark in 2016 when the three new board seats were being approved. Khosrowshahi starts Tuesday, according to a tweet from Uber board member Arianna Huffington.

Source: Los Angeles Times August 30, 2017 20:52 UTC