Rosen, a global investor rights law firm, has announced its intentions to investigate a potential securities claim on behalf of shareholders of Uber Technologies, Inc.
According to the American law firm, they are investigating the claims resulting from allegations that Uber may have issued materially misleading business information to the investing public.
Just three months after going public at $45 per share, Uber reported a significant earnings miss, loosing $5.24 billion in one quarter, and reporting revenue of $2.87 billion, against analyst expectations of $3.05 billion.
The legal firm is now said to be preparing a class action lawsuit to recover losses suffered by Uber investors.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.