Uber Investors Get Lead Plaintiff, Counsel in IPO Statement Spat

Uber Technologies Inc. investors who accuse the ride-hailing giant of misleading them about losses and growth during its 2019 initial public offering secured a lead plaintiff and class counsel in California federal district court.

Boston Retirement System, a pension plan serving Boston government workers, will serve as lead plaintiff in the would-be class suit because it has the undisputed largest financial interest in the litigation, Judge Richard Seeborg of the U.S. District Court for the Northern District of California said Jan. 3.

The pension plan requested the appointment of Labaton Sucharow LLP as lead counsel. The firm has “substantial experience” ...