Lyft News

Lyft Earnings Report Error Prompts Shareholder Lawsuit

Lyft has been sued by shareholders for securities fraud after a mistake in a recent earnings release about a key profit metric sent the ride-sharing company’s stock price on a wild ride up, and then down. In a proposed class …

Uber, Lyft to Pay $328M to Settle New York Wage Theft Claims

NEW YORK — Uber and Lyft will pay a combined $328 million to settle claims by New York’s attorney general that the ride-sharing companies systematically cheated drivers out of pay and benefits. Attorney General Letitia James said Uber will pay …

Lyft Reports 4,000 Sexual-Assault Claims in First Safety Study

Lyft Inc. recorded more than 4,000 claims of sexual assault from 2017 to 2019, according to a newly released safety report. The review is Lyft’s first disclosure of safety incidents including motor vehicle fatalities, fatal physical assaults and sexual assault …

Labor Secretary Says Most Gig Workers Should Be Classified as Employees

WASHINGTON — President Joe Biden’s top labor official said most gig workers in the United States should be classified as “employees” deserving of related benefits, in what could be a policy shift that is likely to raise costs for companies …

Uber, Gig Economy Companies See California Win as National Model

Gig economy companies want to turn California voters’ decision to make ride-service drivers contractors into a model for the nation, as several states consider requiring drivers from Uber, Lyft and rival services be treated as employees with higher compensation. Voters …

Uber, Lyft Shares Jump as California Set to Pass Gig-Worker Ballot Measure

Nov 4 — Uber and Lyft stocks soared on Wednesday after California voters endorsed the gig economy’s blistering campaign not to count drivers as employees, even as questions loomed over whether the companies can secure similar privileges in other U.S. …

California Appeals Court Hears Arguments in Uber, Lyft Gig Worker Lawsuit

A California appeals court on Tuesday listened to arguments by lawyers for Uber Technologies Inc , Lyft Inc and the state of California about whether the state can recognize their drivers as employees with the right to minimum wage, overtime …

Claims Business: CogniSure, Spruce and Agero

CogniSure Launches Loss Run Analytics Tool CogniSure announced the launch of a product that uses artificial intelligence to extract loss run data from insurance carrier reports that come in a variety of formats. The company, with a U.S. headquarters in …

Judge Rejects Uber, Lyft Bids to Delay California Driver Injunction

A California judge on Thursday refused to give Uber Technologies Inc and Lyft Inc more time to appeal his decision forcing them to classify drivers in that state as employees, which they have said would necessitate restructuring their businesses. At …

Lawsuit Seeks to Designate Uber, Lyft Drivers as Employees

BOSTON — Massachusetts Attorney General Maura Healey is asking for a court ruling recognizing Uber and Lyft drivers as employees under the state’s wage and hour laws. The lawsuit, filed in Suffolk Superior Court, challenges the designation of drivers as …