Lyft Settles With Former Exec Who Jumped To Rival Uber

Law360, Los Angeles (June 28, 2016, 5:13 PM EDT) -- Lyft Inc. and its former chief operating officer have settled a California state lawsuit in which the ride-hailing service accused the now-top executive at rival Uber Technologies Inc. of breaching confidentiality agreements ahead of his jump to the competitor service, according to court records.

A June 24 stipulation of dismissal with prejudice applied the brakes to a nearly two-year-old lawsuit against Travis VanderZanden, Uber's vice president of international growth, whom Lyft alleged unlawfully took materials such as the company's financial information, marketing and product plans, customer lists and international growth documents, among other things, before joining Uber in October 2014....

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