Lyft will pay more than $270 million in California wage-theft settlement

The ride-hailing company Lyft will pay $272.5 million to settle a California wage-and-hour lawsuit, marking the largest such settlement in the state's history. The settlement will resolve allegations that Lyft misclassified its workers as independent contractors between 2016 and 2020 and denied them wage and workplace protections that were required under state law at the time. Eighty-seven percent of the total settlement will go directly to drivers. Read more:California Supreme Court upholds Prop. 22, ending legal saga over status of gig drivers "Lyft believes drivers have always been properly classified under the law, and we're glad to put this case behind us," the company said in a statement.