id: 517, Created by Stan Vick, Scout
LYFT $25M Shareholder Settlement
How it works?
- Company agreed to pay compensation to its investors, to avoid further litigation
- We help you to prepare documents and file for compensation
Claim deadline for this case already passed by, but we can still try and file for compensation for you
28 Mar 2019Class period Start
19 Aug 2019Class period End
22 May 2023Claim 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.
17 May 2019
Block & Leviton LLP (Boston, MA), RM Law, P.C. (Berwyn, PA)
Logan Green, John Zimmer, Mary Anges
Hon. Haywood S Gilliam, Jr.
A.B. Data Ltd
Court hearing date
22 June 2023
13 April 2023
30 March 2023
30 March 2023
20 September 2023
Lyft has reached a $10 million settlement with the SEC to resolve allegations that $LYFT did not report the sale of appx. $424 million in stock before its IPO in 2019.