#Pomerantz LLP #Uber Technologies #FTCPA

Pomerantz Law Firm Investigation into Uber Technologies

The Pomerantz Law Firm has initiated an investigation focused on claims from investors of Uber Technologies, Inc. (NYSE: UBER). This inquiry is especially pertinent in light of recent allegations of securities fraud leveled against Uber and certain of its executives or directors. Investors who have been impacted by these developments are encouraged to reach out to the firm for further information and potential participation in the unfolding legal actions.

Background of the Investigation

On April 21, 2025, the Federal Trade Commission (FTC) filed a lawsuit against Uber, accusing the company of engaging in practices that violate the FTC Act and the Restore Online Shoppers' Confidence Act. The FTC's lawsuit points to specific concerns related to Uber's subscription service, Uber One. Allegations include unauthorized charges to customers, failure to deliver expected savings, and obstacles for users trying to cancel their subscriptions. These accusations suggest a pattern of behavior that may be considered malpractice in the corporate arena.

As news of the FTC's lawsuit broke, Uber's stock price took a significant hit, decreasing by $2.23 per share, or roughly 3.08%, closing at $72.92 that same day. This indicates a profound reaction from the market, signaling investor concern over the implications of the ongoing legal situation.

The Role of Pomerantz LLP

The Pomerantz Law Firm, headquartered in New York with additional offices in Chicago, Los Angeles, London, Paris, and Tel Aviv, has a storied history in defending the rights of investors. Founded by the late Abraham L. Pomerantz, often referred to as the