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US: Lyft to pay $300,000 to settle alleged violations

By  |  June 21, 2015

Lyft announced Thursday that will pay $300,000 to settle allegations of illegal operations in New York state. Aside from the cash settlement, the company agreed to have its drivers carry state-issued insurance as well as comply with other state laws.

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    “Today’s mutually agreed upon settlement does not require any changes to existing Lyft service in New York. The settlement is part of our continued efforts to return true, peer to peer ride sharing to New York State at large, an effort supported by leaders and consumers across the state,” the company said in a statement.

    The San Francisco-based transportation service’s problem began in July 2014, when Attorney General Eric Schneiderman and former N.Y. Superintendent of Financial Services Benjamin Lawsky filed a lawsuit alleging that the company was “running an unlicensed insurance business in New York,” according to TechCrunch.

    Full content: TechCrunch

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