California Sues Uber and Lyft for Misclassifying Drivers as Contractors

California Attorney General Xavier Becerra and the City Attorneys of Los Angeles, San Diego and San Francisco have filed a lawsuit against ride-sharing companies Uber (NYSE: UBER) and Lyft (NASDAQ: LYFT), alleging that the companies misclassify their drivers as independent contractors rather than employees. In doing so, the suit says, the companies exploit "hundreds of thousands of California workers," by evading protections and benefits to which the workers are entitled.

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Source Fool.com