https://techcrunch.com/2017/08/14/benchmark-we-should-have-sued-kalanick-sooner/

The saga between the powerhouse venture firm Benchmark  and former Uber CEO Travis Kalanick continues. Following last week’s lawsuit revelation, Benchmark penned a public letter to Uber employees, explaining why it is taking legal action against Kalanick, who remains on Uber’s board and controls two other, empty board seats.

Today, Benchmark doubled down on its decision, writing a note addressed to Uber employees, saying that not only should it sue, but “perhaps the better question is why didn’t we act sooner.” The firm said that when the CEO search began over 50 days ago, Kalanick agreed in writing to “modify the company’s voting agreement to ensure that the board was composed of independent, diverse, and well qualified directors.” Benchmark is alleging that Kalanick has not followed through on this agreement and that he was warned over a month ago that he would be subject to potential litigation.