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Closing the California misclassification case reduces ongoing litigation risk and potential future liabilities; the cash settlement is non-recurring and may de-risk most near-term concerns, though judge approval is required and Uber remains exposed to a separate suit.
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Lyft agreed to a $272.5 million settlement with California’s Labor Commissioner over driver misclassification. The deal aims to end protracted litigation and let Lyft focus on execution, though judge approval is still needed. Uber faces a similar ongoing LCO suit, highlighting lingering regulatory risk in the gig-economy model.
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