Lyft to pay $272.5M in California's largest wage theft settlement

Lyft settled with California authorities over misclassifying drivers as independent contractors between 2016 and 2020. The company will pay $272.5 million, the largest wage-and-hour settlement in state history. Drivers had sought more than $434 million from Lyft alone.

• Settlement totals $272.5 million, California's largest wage-and-hour case
• Drivers filed about 5,400 claims against Uber and Lyft worth $1.3 billion
• Up to 200,000 drivers could be covered, per Rideshare Drivers United
• Proposition 22 bars misclassification claims filed after 2020