Friday August 19, 2016

U.S. Judge Rejects Uber's Class Action Settlement Offer

More bad news for Uber. A U.S. District Court Judge in San Francisco has ruled that the settlement offer by Uber was not fair or adequate for its drivers. The company says that it is "disappointed" with the ruling and is looking at its options.

Some drivers had objected to terms of the settlement valued at up to $100 million, which would have affected roughly 385,000 current and former drivers in California and Massachusetts. The proposed settlement would have kept drivers classified as independent contractors. Several drivers who were part of the class filed objections with the court, particularly because the proposed amount was well below the total potential damages in the case of roughly $850 million.