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5/17, 11:37 PM (Source: TeleTrader)
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Lyft-3.26%

53.79
Chart for: Lyft

Investors sue Lyft over 'misleading statements'

A group of investors filed a class action lawsuit against Lyft on Friday in San Francisco, claiming the company made "misleading statements" in regard to its business.

The investors said that they suffered losses in the stock market because the company gave allegedly wrongful information on labor and bicycle safety issues and its ridesharing position.

Lyft went public on March 29. Over the past month the company's stock fell 9.61% and Lyft ended Friday on Wall Street 3.26% lower.

Breaking the News / VP