Brokers, Investors

Court Orders Uber to Classify Drivers as Employees

In a ruling that may impact the independent BD model, as least in California, Uber and Lyft were ordered by a California court to reclassify their drivers in the state as employees, marking the latest escalation in an ongoing legal battle over a new law impacting much of the on-demand economy.

In response to the order, Lyft spokesperson Julie Wood said, “drivers do not want to be employees, full stop.”

“We’ll immediately appeal this ruling and continue to fight for their independence. Ultimately, we believe this issue will be decided by California voters and that they will side with drivers,” Wood said in a statement provided to CNN Business.

The Securities Lawyer