Lyft Settles Shareholder Lawsuit Over Driver Assaults

Settlement includes safety reforms and enhanced reporting features; no financial penalties for executives.

Lyft will implement new safety measures and governance reforms as part of the settlement.
The company will enhance passenger awareness of the 'Alert 911 Silently' feature and improve 24/7 reporting to a live human.
Shareholders alleged Lyft's inadequate driver background checks and training harmed its reputation.
The settlement involves no direct financial penalties for Lyft's officers and directors, with $700,000 in legal fees covered by insurers.
Lyft's share price has dropped 83% since its 2019 IPO, with this lawsuit being the final shareholder case from the offering.