Uber pursues a RICO case against a personal injury lawyer

Uber issued €4.5 billion in euro-denominated senior notes, with proceeds for general corporate use. The multi-tranche issuance has varying maturities and interest rates. Fitch rated the notes A-, citing Uber's expansion. Uber reported Q2 2026 revenue of US$14.2 billion, up 12% YoY, and had US$12.8 billion in total outstanding debt as of June 30, 2026. The offering was underwritten by several banks.

Uber (UBER) sued attorney Marc Simon and his firm for alleged fraudulent injury claims involving Uber and FedEx drivers, with a trial set for March 2027. Uber shares have declined 12.7% year-to-date. Analysts note Uber is modestly undervalued with a GF Value of $100.40, a 29.0% margin of safety, and a strong GF Score of 83/100. Insiders have been net buyers over the past 12 months.

Uber (UBER) is suing Philadelphia lawyer Marc Simon, his firm, and medical providers, alleging they conspired to exaggerate injuries in accidents involving Uber and FedEx (FDX) drivers. The lawsuit accuses them of fraud and racketeering under the RICO Act. The case is ongoing, with no settlement or trial date set. According to Uber, the scheme involved over 1,000 fraudulent claims. FedEx is also mentioned but not named as a defendant. The lawsuit seeks damages and injunctive relief.

Uber Technologies Inc. (NYSE:UBER) will see Sarfraz Maredia, global head of autonomous mobility and delivery, depart on Nov. 16. This follows other leadership changes in the division, as Uber invests over $10 billion in self-driving technology. The company continues to focus on scaling autonomous fleets and cutting costs. Shares traded flat after the news.

Uber's autonomous mobility chief Sarfraz Maredia is leaving, following other executive departures. Maredia expressed confidence in the company's AV efforts. Uber has invested over $10B in self-driving tech and faces leadership changes amid cost-cutting and restructuring.

A federal court in Pennsylvania denied Simon & Simon law firm's motion to dismiss Uber's racketeering claims, allowing the case to proceed. Uber alleges the firm helped orchestrate fraudulent personal injury claims involving Uber drivers. The court ruled Uber has standing despite its insurer covering related expenses, and a factual dispute remains over Uber's out-of-pocket costs.