With the Court finding the “recovery significant, especially when weighed against the litigation risks in the case,” Block & Leviton recovered $25 million on behalf ofinvestors who lost money when Lyft went public in 2019. After four years of hard-fought litigation, and in the face of objections from another set of lawyers, the court approved a $25 million settlement, finding that the plaintiff had “ensured a favorable recovery for the class.” The court also noted that “Block & Leviton LLP are highly experienced lawyers with expertise in securities class actions.”
Court Approves $25 million Lyft Settlement
Court finds recovery significant when weighed against the litigation risks in the case