UBER - Uber And Lyft Agree To Worker Benefits Settle State Lawsuit | Benzinga
Massachusetts Attorney General Andrea Joy Campbell announced a landmark settlement with Uber Technologies Inc. (NYSE:UBER) and Lyft Inc. (NASDAQ:LYFT) to secure a minimum pay standard of $32.50 per hour and additional benefits for drivers.
The companies will also pay $175 million to settle allegations of violating Massachusetts wage and hour laws, with most funds distributed to current and former drivers.
This resolution concludes a multi-year litigation against Uber and Lyft and prevents the companies from attempting to alter state employment law through a 2024 ballot initiative.
The agreement mandates a minimum ...