Lawsuit Proceeds Against Lyft for Failure to Disclose Safety Issues

 Posted on August 24, 2021 in Personal Injury

Lyft Inc. is facing a class action lawsuit brought by investors of its initial public offering (IPO). The case, In re Lyft Inc. Securities Litigation, U.S. District Court, Northern District of California, No. 19-cv-02690, alleges that Lyft failed to disclose a number of safety issues prior to the IPO. These issues include the pervasive sexual assaults by its drivers and defective brakes that affect its bike share fleet. 

The lawsuit claims Lyft deliberately failed to report the safety information in an effort to market itself as more socially responsible than Uber. Uber is also facing a shareholder lawsuit about its disclosures on passenger safety and other issues ahead of its 2019 IPO.

Both Uber and Lyft have been the subject of immense criticism because they have failed to ensure that passengers are protected against sexual assaults by their drivers. Hundreds of passengers continue to be victimized by rideshare drivers each year.

Tomasik Kotin Kasserman has been a tireless advocate for victims of sexual assault and negligence by rideshare companies. Attorney Tim Tomasik is currently working to address these matters in the Illinois Supreme Court, fighting against laws that provide rideshare companies like Uber and Lyft with increased protection against liability for drivers’ sexual assaults.

If you or a member of your family have been the victim of an assault or injury caused by an Uber or Lyft driver, the attorneys at Tomasik Kotin Kasserman will advise you of your options, and we will work to help you pursue financial compensation from a ride-share company that was responsible for your damages. Contact our Chicago Lyft/Uber injury lawyers at 312-605-8800 to arrange a complimentary consultation.

Source:

https://www.reuters.com/legal/litigation/lyft-shareholders-win-class-status-ipo-lawsuit-2021-08-23/