Lyft, Inc. Securities Litigation

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Lyft, Inc. Securities Litigation
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The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency of Class Action (the “Notice”), which you can access by clicking here.  Because this website is just a summary, you should review the Notice for additional details.

The purpose of the website is to inform you of a class action lawsuit now pending in the United States District Court for the Northern District of California (the “Court”) against Lyft, Inc. (“Lyft” or the “Company”) and Individual Defendants Logan Green, John Zimmer, Brian Roberts, Prashant (Sean) Aggarwal, Ben Horowitz, Valerie Jarrett, David Lawee, Hiroshi Mikitani, Ann Miura-Ko, and Mary Agnes (Maggie) Wilderotter (collectively “Defendants”). The website is intended only to advise you that the action has been certified by the Court to proceed as a class action on behalf of certain purchasers of Lyft common stock and your rights with respect to the lawsuit.

The Court has not decided whether Defendants did anything wrong, and the Notice is not an admission by Defendants or an expression of any opinion of the Court concerning the merits of the lawsuit, or a finding by the Court that the claims asserted by Class Representative Rick Keiner (“Class Representative”) in this case are valid. There is no settlement or monetary recovery at this time, and there is no guarantee there will be any recovery. However, your legal rights are affected. 

The Class, as certified by the Court, consists of:

All persons and entities who, during the period from March 28, 2019, through August 19, 2019, inclusive (the “Class Period”), purchased or otherwise acquired the common stock of Lyft issued and traceable to the IPO Registration Statement.


If you are a member of the Class, your legal rights will be affected whether you act or do not act.  Please read the Notice carefully to fully understand your rights and options.

 

Please Note: This Action is currently ongoing. No court has made a ruling on the merits of the allegations asserted against Defendants in the Action or on Defendants’ denials and defenses.  There is no judgment, settlement, or monetary recovery at this time, and there this no guarantee there will be any recovery. Defendants deny Class Representative’s claims. Defendants contend that they did not do anything wrong and that they are not liable for any harm alleged by Class Representative on behalf of the Class.


If you have questions, you may call the Lyft, Inc Securities Settlement Helpline at (877) 888-9031 or email info@LyftIPOLitigation.com


What are my options?

DO NOTHING

Stay in the lawsuit. Await the outcome. Give up certain rights.

By doing nothing, you keep the possibility of sharing in any recovery (monetary or otherwise) that may result from a trial or a settlement. But, you give up any right you may have to pursue claims against Defendants separately and individually about the same or similar factual circumstances and legal claims being raised or that could have been raised in this lawsuit, and you will be bound by the outcome of this case.



ASK TO BE EXCLUDED BY DECEMBER 13, 2021

Get out of this lawsuit. Get no benefits from it. Keep your rights.

If you ask to be excluded from this lawsuit, you will not be bound by what the Court does in this case and will keep any right you may have to sue Defendants separately about the same factual circumstances and legal claims being raised in this lawsuit. If a recovery is later awarded in this case, you would not share in that recovery.

                                                                                                                

 







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