Lyft to Pay $2 Million to Resolve FTC Suit Over Driver Pay (2)

Oct. 26, 2024, 12:28 AM UTC

Lyft Inc. agreed to pay $2.1 million to resolve a lawsuit by the US Federal Trade Commission accusing the ride-hailing company of deceiving drivers about how much they would earn when consumer demand picked up after the pandemic.

The agency alleged the company misled prospective drivers in advertisements about “Earnings Guarantees” that included bonuses on top of regular pay, according to a complaint filed Friday in federal court in San Francisco, where Lyft is based. A subsequent filing shows that Lyft and the FTC agreed to settle the case.

Lyft said in statement that it’s been working to improve driver ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.