TechReuters1h ago
Lyft agrees to pay $272.5M to settle California claims
Lyft agrees to pay $272.5M to settle California claims that it mislabeled drivers as independent contractors rather than employees between 2016 and 2020
TL;DRLyft pays $272.5M to settle California lawsuit over misclassifying drivers as contractors instead of employees.
Why it matters: Sets precedent for gig economy labor classification; signals regulatory pressure on companies avoiding employee benefits/protections.
Lyft (LYFT.O) has agreed to pay $272.5 million to settle claims by the state of California and three of its largest cities …
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