Securities,
Civil Litigation
Mar. 6, 2020
Block & Leviton to lead securities class action against Lyft
According to the original complaint filed in March 2019, Lyft offered 32.5 million shares in its initial public offering at $72 per share, which raised $2.34 billion for the company.
GILLIAM
A federal judge selected Block & Leviton LLP to head a potential $223,000 securities class action, accusing Lyft Inc. of inflating its projected profits and keeping investors in the dark regarding issues with its rental bike fleet leading up to its $2.3 billion initial public offering last year.
U.S. District Judge Haywood S. Gilliam Jr. in Oakland wrote in his W...
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