Pomerantz Law Firm Launches Investigation into Uber Technologies for Investor Claims

Investigation into Uber Technologies Inc.

Pomerantz LLP, a prominent law firm known for its dedication to investor rights, has initiated an investigation concerning claims from investors of Uber Technologies, Inc. This move comes in light of a recent lawsuit filed by the Federal Trade Commission (FTC), which raises serious allegations against the rideshare giant.

Background of the Investigation

The investigation is aimed at determining if Uber and its executives have engaged in any form of securities fraud or other questionable business practices that may have harmed investors financially. As has been reported, the FTC's lawsuit, filed on April 21, 2025, accuses Uber of violating multiple consumer protection laws, including the FTC Act and the Restore Online Shoppers' Confidence Act.

The core of the FTC's accusations centers around Uber's subscription service, Uber One. Specifically, the complaint alleges that Uber One improperly charged customers without their explicit consent, failed to deliver the savings that were promised, and created obstacles for users who wanted to unsubscribe from the service. This lawsuit has sparked significant concern among the investor community, leading to Pomerantz's decision to investigate.

Market Reaction

Following the announcement of these allegations, Uber's stock price experienced a notable decline, falling by $2.23 per share, or around 3.08%, settling at $72.92 per share at the market's close on the day after the FTC's lawsuit was publicized. This sharp drop reflects the market's reaction to potential risks associated with the ongoing legal challenges facing the company.

Pomerantz's Role in Investor Advocacy

Founded by the late Abraham L. Pomerantz, often regarded as a pioneer in securities class actions, Pomerantz LLP has established itself as a leading firm in corporate, securities, and antitrust litigation. The firm has over 85 years of experience representing victims of securities fraud and other corporate misconduct, having successfully recovered substantial damages in many high-profile cases.

The firm has urged those who believe they have been affected by Uber's alleged unlawful practices to reach out for assistance. Investor claims can significantly impact a company’s standing, and Pomerantz LLP is prepared to support clients as they navigate this legal turbulence.

Next Steps for Investors

Investors who are concerned about their potential losses should contact Pomerantz LLP to discuss their rights and any possible actions they can take. Interested parties can reach out to Danielle Peyton at the firm via email at [email protected] or by phone at 646-581-9980, extension 7980.

As more details unfold about the FTC's allegations and the ongoing investigations, investors should remain vigilant and inquire about their positions within this evolving situation.

Conclusion

This investigation highlights crucial issues within corporate governance, investor protection, and consumer rights. As the legal ramifications for Uber continue to develop, the impact on its investors is likely to be profound. Moreover, this situation underscores the need for transparency and accountability in business practices, reinforcing the importance of platforms like Pomerantz LLP in representing shareholder interests in challenging circumstances.