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NY Reclaims $328M Of Earnings 'Cheated' From Drivers By Uber, Lyft

Lyft,Markets,Uber,Banking And Finance

From the Center

James today announced two landmark settlements totaling $328 million with rideshare companies Uber and Lyft for cheating drivers out of hundreds of millions of dollars. The settlements resolve multi-year investigations into Uber and Lyft, which determined that the companies' policies withheld pay from drivers and prevented them from receiving valuable benefits available under New York labor laws. The settlements announced today will return $328 million in back pay to drivers and institute a minimum driver "earnings floor," paid sick leave, proper hiring and earnings notices, and other protections for drivers....

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