May 15, 2020
Ride-sharing giant Lyft has sought to end shareholders' proposed class action accusing the company of misleading prospective investors in the lead-up to its March 2019 initial public offering, telling a California federal judge it had carefully adhered to federal guidelines with its registration documents.
March 04, 2020
A California federal judge on Wednesday tapped Block & Leviton LLP to lead a proposed securities class action accusing Lyft Inc. of overstating its business prospects and hiding problems with its bike-share fleet ahead of its $2.3 billion initial public offering last year.
July 31, 2019
Several Lyft Inc. investors squabbled over who should be appointed lead plaintiff in their proposed class action accusing the ride-hailing company of covering up problems with its new bike-sharing fleet ahead of its initial public offering, each arguing that they had the largest financial interest.