Uber IPO Docs Warn Of Legal Woes, Gov't Probes
David Chaiken was quoted in a Law360 article titled, “Uber IPO Docs Warn Of Legal Woes, Gov't Probes.” The article describes numerous scandals and lawsuits plaguing rideshare company Uber in the lead-up to its proposed Initial Public Offering, including disclosures in its recent Form S-1 Registration Statement about a U.S. Department of Justice Foreign Corrupt Practices Act (FCPA) investigation of the Company. The article notes that in 2017 the company “revamped its executive ranks and got its legal and compliance houses in order,” and quotes Chaiken pointing out that, “Despite being besieged by investigations for years, Uber seems to have a good story to tell in terms of righting the ship.” Chaiken adds that “These kinds of moves are not just window dressing and demonstrate a commitment to compliance and remediation that will be compelling to DOJ and other authorities.”