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In re Lyft Inc. Securities Litigation

  1. August 08, 2023

    Calif. Judge Blesses $25M Deal In Lyft IPO Disclosures Suit

    A California federal judge has signed off on a $25 million settlement ending consolidated class allegations that Lyft duped investors by misrepresenting its business prospects and downplaying risks ahead of the ride-share company's 2019 initial public offering, rejecting objectors' claims that the deal was inadequate.

  2. April 27, 2023

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

    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.

  3. December 19, 2022

    Lyft Investors Get Initial OK Of $25M Post-IPO Drop Suit Deal

    A California federal judge gave preliminary approval to Lyft's $25 million deal to end an investor class action alleging the company concealed sexual assault allegations against drivers ahead of its 2019 initial public offering, ruling Friday that the settlement is well within the range of approval.

  4. August 22, 2022

    Lyft Shareholders Slam Proposed $25M Deal As 'Deficient'

    A pair of pension funds on Friday asked a California federal court for permission to intervene in multidistrict litigation over claims that Lyft concealed sexual assault allegations against drivers, arguing that a proposed $25 million settlement is deficient and "deeply flawed for many reasons."

  5. June 16, 2022

    Lyft Inks $25M Deal To End Investor Suit Over Post-IPO Drop

    A class of investors in ride-hailing company Lyft Inc. asked a California federal judge for preliminary approval of a $25 million settlement that will resolve claims the company concealed sexual assault allegations against drivers ahead of its 2019 initial public offering.

  6. March 11, 2021

    Lyft Investors Say Common Questions Call For Class Cert.

    Lyft investors urged a California federal judge to certify class claims that the ride hailing company concealed sexual assault allegations against drivers, saying individual trials aren't necessary because there are common questions over what Lyft disclosed about the magnitude of allegations and related litigation.

  7. January 20, 2021

    Lyft Slams Class Cert. Bid In IPO Suit

    Lyft told a California federal judge Tuesday investors in the company didn't all know the same details about the ride-hailing giant when it held its 2019 initial public offering, arguing that a proposed investor class in a consolidated securities suit shouldn't have their class certification request granted.

  8. September 08, 2020

    Lyft Ducks Most Of Investors' IPO Suit

    A California federal judge on Tuesday tossed most of a shareholders' proposed class action accusing Lyft of misleading prospective investors in the lead-up to its March 2019 initial public offering, but allowed parts of claims related to the company's statements on rider safety risks and a bikeshare program to survive.

  9. July 10, 2020

    Lyft Slams Investors' 'Rhetoric' In IPO Disclosures Fight

    Lyft told a California federal judge that disgruntled investors can't build a fraud-by-hindsight case with rhetoric and overblown accusations that the ride-hailing company misrepresented business prospects and downplayed risks ahead of its March 2019 initial public offering.

  10. June 12, 2020

    Investors Call Lyft's Bid To Exit IPO Suit A 'Red Herring'

    Peeved stockholders argued Thursday that ride-hailing app Lyft can't escape their claims that it wiped out nearly $600 million in investments with misleading statements leading up to its March 2019 initial public offering, calling the company's bid to shake the suit a "red herring."

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