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Lyft is paying $2.1 million to settle a lawsuit accusing the ride-hailing service of exaggerating how much money drivers could make while the company was trying to recover from a steep downturn in ...
The settlement requires Lyft to pay a $2.1 million civil penalty. "In addition to requiring the company to pay a $2.1 million civil penalty, the proposed settlement also will prohibit Lyft from ...
Now Uber will pay $290 million and Lyft $38 million into two separate settlement funds, which will be distributed to current and former drivers of the companies.
When Lyft faced a driver shortage in 2021, the ride-hailing company launched a major marketing campaign to lure drivers with eye-catching earnings — up to $43 an hour in Los Angeles, $41 in ...
Two settlements totaling $328 million — $290 million from Uber and $38 million from Lyft — will be distributed to drivers from both companies, New York Attorney General Letitia James announced ...
Lyft agreed to pay a $2.1 million civil fine to settle U.S. Federal Trade Commission charges it misled prospective drivers about how much money they might earn working for the ride-hailing company.
And Lyft’s settlement comes to nearly 4% of the $1.02 billion in revenue it reported. The companies also agreed to ongoing changes in how they pay drivers and offer benefits in the Empire State.
Lyft has said the lawsuit was the last shareholder case arising from the IPO. Through Tuesday, Lyft's share price had fallen 83% since the offering. Many ride-share passengers have also accused ...
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