Lyft is paying $272.5M to settle lawsuit over how it classified drivers
AI Summary
Lyft agreed to pay $272.5 million to settle a lawsuit concerning its classification of drivers as independent contractors. The settlement resolves litigation dating to 2020 over the status of gig-economy workers.
Today, gig economy drivers are classified as contractors. This settlement clears up a lingering lawsuit from 2020 when that was still an unanswered issue.