Jan 25, 2018 - Technology

Benchmark Capital's lawsuit against Travis Kalanick is over

Travis Kalanick in a rearview mirror.

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Benchmark Capital's fraud lawsuit against former Uber CEO Travis Kalanick was dismissed with prejudice on Thursday by a Delaware judge.

Bottom line: This was an expected formality. Benchmark had agreed late last year that it would drop the suit (which had moved to arbitration), if Kalanick permitted a SoftBank-led tender for Uber shares to proceed, and if that tender succeeded. That deal officially closed last week.

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