Uber Finally Settled With Investors Over IPO Drama – How to Claim Your Payout

Court: N.D. California

Case: 3:19-cv-06361

Uber has recently agreed to a $200M settlement to resolve a lawsuit from investors over misleading them during its 2019 IPO. The settlement ends years of controversy over financial losses, regulatory risks, and serious safety concerns that weren’t fully disclosed when the company went public.

What Went Wrong Before—and Right After—Uber’s IPO

Uber raised over $8.1B when it went public in May 2019. But just three months later, the company reported a staggering $5.2B loss—one of the largest in its history. Revenue growth lagged, expenses soared, and its stock tanked more than 20%.

During that period, Uber was also accused of ignoring local laws and skirting regulations in countries like India, Brazil, China, and Tanzania. In fact, internal reports revealed it allowed drivers to operate without licenses in some markets, putting the company—and its employees—at legal risk.

Even more troubling: Uber overlooked serious safety problems. In the two years before the IPO, the company reported nearly 6,000 sexual assaults, over 100 deaths from crashes, and 19 fatal assaults.

Investors Push Back—and Get Results

By October 2019, just five months after going public, a group of shareholders had filed suit, accusing Uber of hiding key facts and misleading investors about its true financial health and legal exposure.

The Deal That Finally Closed the Chapter

Now, after nearly six years, there’s a $200M settlement on the table. For investors who bought Uber stock during or shortly after the IPO, this could mean a chance to recover losses even though the original deadline has passed. You can check the latest details and file your late claim here.