Civil Litigation,
Labor/Employment
May 10, 2019
Uber settles with most of the 60,000 drivers who sued for misclassification
On the eve of its “unicorn” IPO, Uber reported in SEC disclosures that it has swept away a major cloud hanging over its big day.
Uber Technologies Inc. reached a preliminary settlement worth $146 million to $176 million with drivers claiming they are misclassified as independent contractors on the eve of its long-awaited initial public offering, the company reported Thursday.
The agreement appeared in an update to the company's SEC disclosure filings. According to the document, the company's deal is with a "majority" of 60,000 drivers who sued for misclassifi...
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