This week brought new developments in the controversial attempts by Uber Technologies Inc. and Lyft Inc. to settle their driver misclassification class actions.
In the Uber case, objections are mounting to the company’s recently proposed settlement with drivers, which calls for Uber to reform some of its practices, as well as pay $84 million in cash (plus an additional $16 million if it goes public and increases its valuation by 150 percent within the first year after its initial public offering). Drivers who would be bound by the settlement are seizing on recently unsealed court filings that show, according to lead plaintiffs counsel Shannon Liss-Riordan’s own records, in a best-case scenario, that the class could have nailed Uber for as much as $852 million if the case had gone to trial before U.S. District Judge Edward Chen in San Francisco.
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