Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  LYFT Inc    LYFT

LYFT INC

(LYFT)
SummaryQuotesChartsNewsRatingsCompany 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Rosen Law Firm Announces Filing of Securities Class Action Lawsuit against Lyft, Inc.; Encourages Investors with Losses in Excess of $100K to Contact the Firm – LYFT

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/17/2019 | 07:46pm EDT

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Lyft, Inc. (NASDAQ: LYFT) pursuant and/or traceable to the Company’s March 2019 initial public offering (the “IPO” or the “Offering”). The lawsuit seeks to recover damages for Lyft investors under the federal securities laws.

To join the Lyft class action, go to http://www.rosenlegal.com/cases-register-1558.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

According to the lawsuit, Lyft’s Offering materials issued in connection with its IPO failed to disclose that: (1) Lyft’s claimed ridesharing position was overstated; (2) more than 1,000 of the bicycles in Lyft’s rideshare program suffered from safety issues that would lead to their recall; (3) Lyft’s drivers were becoming disincentivized from driving for Lyft; (4) Lyft failed to warn investors that a labor disruption could affect its operations; and (5) as a result, Lyft’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 16, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1558.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.


© Business Wire 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LYFT INC
01:21pThe Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Ly..
BU
11:33aLYFT DEADLINE REMINDER : Rosen Law Firm Reminds Lyft, Inc. Investors of Importan..
BU
06:38aUBER TECHNOLOGIES : Following Uber/Lyft agreement, Quad-City airport implements ..
AQ
05/22UBER AND LYFT TO TURN THE WHEELS ON : industry experts
RE
05/22UBER TECHNOLOGIES : makes long-desired arrival at Sonoma County Airport to compe..
AQ
05/22SOMALI WAR CRIMINAL DROVE FOR UBER : US court
AQ
05/21REPORT : Many Uber, Lyft drivers fail to respond to recalls
AQ
05/21UBER TECHNOLOGIES : Tens of Thousands of Uber and Lyft Cars Have Open Safety Rec..
AQ
05/21UBER TECHNOLOGIES : What science says Uber and Lyft are doing to San Francisco
AQ
05/21San Francisco to raise tax on tech IPOs
AQ
More news
Chart LYFT INC
Duration : Period :
LYFT Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LYFT INC
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Managers
NameTitle
Logan Green Chief Executive Officer & Director
Hiroshi Mikitani Director
Jonathan Christodoro Director
Valerie B. Jarrett Director
Ben A. Horowitz Director
Sector and Competitors
1st jan.Capitalization (M$)
LYFT INC0.00%16 132
TENCENT HOLDINGS LTD7.69%410 419
NETFLIX34.40%157 281
NASPERS LIMITED14.39%97 571
SPOTIFY TECHNOLOGY SA11.97%23 869
TENCENT MUSIC ENTERTAINMENT GROUP - ADR6.35%23 013