#uber lawsuit alleges employees were misled on equity compensation

A man walks past an Uber station outside a shopping mall in Beijing on August 1, 2016.
Ride-sharing giant Uber is to merge its China operations with local rival Didi Chuxing, reports said on August 1, ending a ferocious battle for market share in the world's second-largest economy. (Photo: STR/AFP/Getty Images) An Uber employee has filed a lawsuit accusing the company of misleading employees about their equity compensation. Uber “devised a fraudulent scheme to recruit highly sought software engineers,” according to the case.   The lawsuit claims that Uber promised a more tax favorable type of options at the time employees were hired and then later changed the plan. The case alleges that… Read More

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