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Lyft Rips Objections To $25M Deal In IPO Disclosures Suit

By Linda Chiem (April 27, 2023, 7:53 PM EDT) -- Lyft rejected claims it's barreling through a "weak" $25 million deal to swiftly end a consolidated California federal class action alleging the ride-hailing company duped investors by misrepresenting its business prospects and downplaying risks, including sexual assault accusations against its drivers, ahead of its 2019 initial public offering....

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