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Benchmark Suit Should Go To Arbitration – Travis Kalanick

Ex-Uber CEO Travis Kalanick said the lawsuit brought by venture-capital firm Benchmark seeking his ouster from the company’s board should be heard in private arbitration.

In a letter Monday to a Delaware judge, an attorney for Kalanick said Benchmark’s claims are subject to a mandatory arbitration provision contained in the voting agreement that is the focus of the suit. Forcing the suit into arbitration would likely keep details of the claims out of the public spotlight and may also enable Kalanick to present evidence that might otherwise be barred at a trial.

Benchmark last week sued the ride-hailing company’s co-founder in state court in Delaware, saying he duped the firm into allowing him to fill three board seats. The suit escalated a simmering feud between Kalanick and Benchmark, one of Uber’s early investors which holds a 13% stake. Benchmark Partner Bill Gurley led an effort to oust Kalanick as CEO in June.

Kalanick’s lawyer said in the letter that he plans to file documents opposing Benchmark’s request to expedite its lawsuit and will also submit a request to dismiss the case or stay it in favor of arbitration.


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