Uber, Lyft agree to pay combined $328 million for withholding money from drivers

Uber and Lyft agreed Thursday to pay a combined $328 million for withholding money from drivers.

Uber agreed to pay $290 million and Lyft $38 million in what New York Attorney General Letitia James called the largest wage-theft settlement her office has ever secured.

The money will be distributed to cheated drivers who will get back pay along with mandatory paid sick leave and other benefits. Eligible drivers can file a claim to receive the money owed.

The "historic" agreement "builds on the benefits and protections that drivers already enjoy through the state’s Black Car Fund," Lyft said in a statement. The agreement amounted to a "win" for drivers, Jeremy Bird, the company's chief policy officer, said.