No company in recent history has come to the public markets under more of a legal shadow than Uber.
In the coming weeks, documents will be made public for a stock market listing that could value the ride-hailing app at more than $100 billion.But those documents will include lengthy disclosures on its pending lawsuits and government investigations, including any lingering issues dating back to its days under hard-charging former CEO Travis Kalanick, said lawyers and corporate governance experts.
That has kept labor costs down for Uber and its peers in the gig economy, but it has set off legal claims from workers who want better terms and invited scrutiny from regulators around the world. An April 2018 ruling by the California Supreme Court assumes workers are employees if their jobs are central to a company’s business.in Sacramento to codify the court ruling, and its author has said it won’t exclude Uber or Lyft.
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