Corporate Law News

Lyft Officers, Board Sued for Allowing Driver Sex `Predators’

Sept. 11, 2019, 9:03 PM

A Lyft Inc. investor is suing the ride-sharing company’s officers and directors for failing to disclose before its IPO that it was facing a flood of complaints from women who accuse its drivers of sexual assault.

Luis Toscano says in a class-action complaint filed this week in San Francisco that the company should have informed investors before its March initial public offering that it was facing a “multitude of complaints” over alleged sexual assaults and similar misconduct by drivers.

The San Francisco-based company has been hit in recent months by more than a dozen lawsuits by women claiming they were...

To read the full article log in. To learn more about a subscription click here.