Almost 200 Uber employees are suing the company over its disappointing IPO last year - Business Insider

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Almost 200 Uber employees are suing the company over its disappointing IPO last year

Reuters/Andrew KellyAdding to the fallout is a new lawsuit by employees who say an acceleration of their stock units' issue date saddled them with extra taxes.

Because shares were worth $45 on the new issue date — the price at which they were taxed — and $27 by the time they could be sold, the employees were collectively saddled with more than $9 million in extra tax burden, the lawsuit claims.At the time, Uber said in a memo that the change was "in the best interests of the RSU holders, as well as in the best interests of the company." And,, it helped Uber solidify how much tax it would owe on the employees' behalf.

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