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Senate Investigators Speak With Russians

Investor Suing Uber, Former CEO Kalanick For Fraud

On Tuesday, a Relief Retirement Fund filed a lawsuit in California federal court, alleging that the ride-share company Uber made misleading statements about its business to drum up billions of dollars in investment starting in June of 2014. The Texas-based retirement fund is suing the company and former CEO Travis Kalanick, alleging that Uber has lost at least $18 billion in private market value as a result of a series of scandals and controversies.
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