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Lyft Investors Get Initial OK Of $25M Post-IPO Drop Suit Deal

By Dave Simpson ( December 19, 2022, 7:40 PM EST) -- A California federal judge gave preliminary approval to Lyft's $25 million deal to end an investor class action alleging the company concealed sexual assault allegations against drivers ahead of its 2019 initial public offering, ruling Friday that the settlement is well within the range of approval....

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