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Lyft is paying $272.5M to settle lawsuit over how it classified drivers
Today, gig economy drivers are classified as contractors. This settlement clears up a lingering lawsuit from 2020 when that was still an unanswered issue.
Lyft has agreed to pay $272.5 million to settle a lawsuit accusing the ride-hailing company of violating California law by misclassifying drivers as independent contractors, instead of employees. The company said in a regulatory filing that it believes the settlement will allow it to avoid the “costs and…
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