Sign In
LYFT.US
id: 517

LYFT IPO $25M Shareholder Settlement

N.D. California
Court
4:19-cv-02690
Case number
28 Mar 2019
Class period Start
19 Aug 2019
Class period End
22 May 2023
Claim deadline
Lyft 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
Accepting Late Claims
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
17 May 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
22 June 2023
Exclusion deadline
13 April 2023
Objection deadline
30 March 2023
Hearing deadline
30 March 2023
Trades matching type
FIFO

LYFT Inc

Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation ...

    Ticker
    LYFT.US
    ISIN
    US55087P1049
    CIK
    1759509
    Sector
    Technology
    Industry
    Software - Application
    Country
    USA
    Address
    185 Berry Street, San Francisco, CA, United States, 94107