LYFT.US
id: 517
LYFT IPO $25M Shareholder Settlement
N.D. California
Court4:19-cv-02690
Case number03/28/2019
Class period Start08/19/2019
Class period End05/22/2023
Claim deadlineLyft Inc (LYFT) agreed to pay up to $25 million to settle a securities class action lawsuit to avoid further litigation.
For question please contact George Scott - [email protected]
The Complaint alleged that the Company and its Leaders made false and misleading statements in Lyft’s registration statement and prospectus issued in connection with the company’s March 2019 IPO.
The alleged misstatements involve Lyft’s claims about its domestic market share, failure to disclose issues surrounding the safety of the company’s bike-sharing program, and labor issues.
Case Status
Disbursement
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.77
Filing date
05/17/2019
Plaintiffs
Rick Keiner
Attorneys
Block & Leviton LLP (Boston, MA), RM Law, P.C. (Berwyn, PA)
Defendants
Logan Green, John Zimmer, Mary Anges
Judge
Hon. Haywood S Gilliam, Jr.
Administrator
A.B. Data Ltd
Court hearing date
06/22/2023
Exclusion deadline
04/13/2023
Objection deadline
03/30/2023
Hearing deadline
03/30/2023
Trades matching type
FIFO
Disbursement date
11/14/2024