As of March 7, 2024, the claims process has begun and letters are being sent to drivers by the settlement agent. They say that you have to file a claim in order to get money from a settlement. The last day to file a claim for the Lyft and Uber Settlement Payout is July 29, 2024.
Lyft And Uber Settlement Payout
In New York, Attorney General Letitia James announced a deal with Uber and Lyft that will give millions of dollars in back pay to some drivers and extra benefits, like sick pay, to all active drivers of these services in the state. This is good news for drivers of these services.
The company in charge of the payout, Rust Consulting, is sending letters to drivers and has started the claims process as of March 7, 2024. They say that you have to file a claim in order to get money from a settlement.
The last day to file a claim is July 29, 2024. You should stay away from anyone who offers to help you file a claim for the Lyft and Uber Settlement Payout. It is possible to make fake email addresses, phone numbers, and caller IDs look like the real deal.
Lyft And Uber Settlement Amount
The state attorney general looked into a wage-theft claim that said Uber and Lyft took certain taxes and fees from drivers instead of passengers. The companies then agreed to pay $328 million to settle the case with New York drivers.
Uber will pay $290 million and Lyft will put $38 million into two pools. About 100,000 current and past drivers in New York State can file claims. The deal, which was made public on Thursday, did not say that the ride-hailing companies were responsible.
The Taxi and Limousine Commission of New York City has long said that all taxi drivers must get at least the minimum wage and paid time off. James says that Uber and Lyft drivers will get $17 an hour in sick pay, which takes inflation into account.
How to Apply for Lyft And Uber Settlement?
To apply for the Lyft and Uber settlement, follow these steps:
For Lyft Settlement:
- Check to see if you’re qualified by reading the settlement terms, which you can usually find on the website for the settlement or in legal notices.
- People who are eligible should get a letter or email about the settlement and directions on how to make a claim.
- Fill out the claim form that was sent to you and send it in. A settlement webpage (https://ag.ny.gov/lyft-uber-settlement) makes this easy to do online most of the time.
- Include any necessary paperwork, like proof that you drove for Lyft during the time period given.
Make sure you send in your claim by the due date listed in the notice.
For Uber Settlement:
- Check to see if you meet the settlement requirements, which are usually spelled out on the settlement website or in court documents.
- You should get a letter or email with information on how to apply for the settlement.
- Fill out the claim form. Usually, you can do this online through a payment portal like https://ag.ny.gov/lyft-uber-settlement.
- Show the required paperwork, like proof that you’ve been driving for Uber within the allowed time range.
- Make sure you send in your claim form and any other papers that are needed by the due date.
Who Qualifies For Settlement Payments?
If you finished at least one Uber or Lyft ride in New York State during those times, you might be able to get paid.
- Lyft Drivers: Between October 11, 2015, and July 31, 2017
- Uber Drivers: Between November 10, 2014 through May 22, 2017
The Attorney General’s office and Uber and Lyft are working together to find people who might be interested in driving.
The claims administrator says that you must fill out the Claim Form and send it in either by mail or online in order to be qualified for a settlement payment.
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Lyft and Uber Settlements Implications for the Gig Economy
The agreements between Lyft and Uber are a big change in the gig economy. It’s possible that these deals will change how gig workers are treated and paid in the future, and not just in the ride-hailing business. Other industries that use independent contractors may follow suit.
Financial Impact on Companies
- There are big financial effects for both Lyft and Uber from these agreements.
- The companies paid a total of $1.1 billion to settle long-running legal disputes and avoid more lawsuits. This was an expensive move, but it shows that they were trying to avoid more litigation.
- Investors and experts will be paying close attention to how these settlements affect the companies’ business models and ability to make money.