Uber investors to former CEO: We’ll sue you if you don’t vote how we want

Enlarge / Executive Chairman of Hyperloop One Shervin Pishevar speaks onstage during TechCrunch Disrupt SF 2016 at Pier 48 on September 14, 2016 in San Francisco. (credit: Steve Jennings/Getty Images for TechCrunch)

Two of Uber's top investors, Shervin Pishevar and Steve Russell, are threatening to sue three board members-including former CEO Travis Kalanick-if they vote in favor of a pending proposal that would remove "supervoting" powers on the company's board of directors.

Such rights give some investors the ability to have multiple votes per share. The proposal, if enacted, would create equal voting rights, amid other changes, according to the Wall Street Journal.

"If you vote in favor of Tuesday's proposal, our clients have authorized us to pursue any and all legal recourse including but not limited to actions against you personally," the investors said in the letter.

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