Uber $200 Million IPO Securities Settlement

If you purchased or otherwise acquired Uber's publicly traded common stock pursuant to the Offering Documents for Uber's IPO and suffered damages, you may be eligible to claim a portion of a $200,000,000 from a class action settlement.

Uber Technologies, Inc. has agreed to pay $200,000,000 to settle a class action lawsuit for alleged violations of the Securities Act, including claims that Uber's IPO documents contained false or misleading statements.

Who can file a claim?

To be eligible to file a claim, you must meet the following criteria:

• Purchased or otherwise acquired Uber's publicly traded common stock pursuant to the Offering Documents for Uber's IPO.
• Acquired shares during the Traceability Period from May 10, 2019, through November 5, 2019.
• Incurred losses by the acquisition of these shares.

How much can class members get?

The average recovery is estimated to be approximately $0.17 per eligible share before deductions for fees and expenses, and approximately $0.12 per eligible share after such deductions. The actual amount each class member receives will depend on several factors, including the number of shares purchased and sold, and the timing of these transactions.

• Purchases from May 10, 2019, through September 25, 2019: The Recognized Loss Amount will be calculated based on the purchase price minus the sale price or the closing share price on October 4, 2019, whichever is applicable.
• Purchases from September 26, 2019, through November 5, 2019: The Recognized Loss Amount will be calculated similarly but will be subject to a 95% discount due to potential knowledge of the alleged misstatements.

The award amount is subject to a net settlement fund calculation, and the distribution will be made on a pro rata basis. For example, if the net settlement fund is $150,000,000 and the total recognized claims amount to $200,000,000, each claimant would receive 75% of their recognized claim.

Is proof required to submit a claim?

Yes, claimants need to provide proof of their transactions in Uber's publicly traded common stock. This includes broker trade confirmations or other documentation of transactions.

How to claim an award

To claim an award, you must submit a Claim Form by November 20, 2024. You can file a claim online or mail your completed form.pdf) to:

Uber Securities Litigation

c/o A.B. Data, Ltd.

P.O. Box 173070

Milwaukee, WI 53217

Ensure your claim is postmarked or submitted online by the deadline to be considered.

Claim instructions

1. Obtain the Claim Form from the official settlement website.
2. Complete all sections of the form, providing detailed information about your transactions.
3. Attach required documentation, such as broker confirmations.
4. Submit the form online or mail it to the Claims Administrator by the deadline.

Payment methods

Class members will receive compensation via check or electronic transfer, depending on the preference indicated on the Claim Form.

$200,000,000 Settlement Fund Breakdown

The settlement fund of $200,000,000 will cover:

• Attorneys' fees of up to 29% of the Settlement Fund, which includes any accrued interest.
• Payment of litigation expenses not exceeding $3,215,000.
• Distribution to class members based on their Recognized Claims.

Important dates

• Deadline to File a Claim: November 20, 2024
• Fairness Hearing: December 5, 2024

When is the Uber Securities Litigation payout date?

The Court will hold a Settlement Hearing on December 5, 2024, to decide whether to approve the settlement. If approved, the Claims Administrator will process claims and distribute payments to eligible class members.

Why is there a class action settlement?

The lawsuit alleged that Uber's IPO documents contained untrue statements or omitted material facts, violating Sections 11, 12(a)(2), and 15 of the Securities Act. The settlement allows Uber to avoid the uncertainty and expense of continued litigation.