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Lyft Shareholders Sue Over Bike Recall, Stock Drop

By John Petrick ( May 20, 2019, 4:24 PM EDT) -- Investors who bought stock in ride-sharing service Lyft Inc. during its initial public offering in March filed a proposed class action in California federal court claiming the company oversold its financial prospects by hiding the fact that at least 1,000 bicycles in its bike-sharing fleet were in disrepair....

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