Uber gets hit with $2.8B settlement in antitrust lawsuit
The U.S. Justice Department on Monday settled a lawsuit filed by Uber Technologies Inc. against a former employee over alleged misappropriation of company intellectual property, in what could be the first such settlement in the technology industry.
In a statement Monday, the Justice Department said it would pay $2 billion to the former employee, who sued Uber in February 2016 over a complaint he made about Uber’s business practices.
The settlement does not include an admission by Uber that the employee improperly used company proprietary technology, the DOJ said.
The Justice Department also said it agreed to the terms of the settlement, which are not yet public.