The Delaware Chancery Court on Monday dismissed a shareholder derivative suit stemming from Uber’s $680 million acquisition of a driverless-car technology company, whose founder was accused of stealing intellectual property and trade secrets from Google.
The ruling, from Vice Chancellor Sam Glasscock III, found that Travis Kalanick, an Uber director who formerly served as the ride-hailing company’s CEO, faced a “substantial likelihood of liability” for failing to heed warnings that Otto founder Anthony Levandowski had downloaded thousands of proprietary files from Google’s self-driving business Waymo before he left to form the San Francisco-based startup.
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