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Companies & Markets

Uber to pay up to US$100m to settle lawsuit over employment status

Published Fri, Apr 22, 2016 · 02:49 AM
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[SAN FRANCISCO] Ride service Uber has agreed to pay up to US$100 million to settle a class action lawsuit over whether its California drivers are employees or independent contractors.

Out of that money, US$84 million is guaranteed to drivers and US$16 million is contingent on an increase in Uber's value, according to a statement from lawyers representing the drivers.

REUTERS

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