Judge Delays Ruling on Proposed Settlement in Uber Case
The article, “Judge Delays Ruling on Proposed Settlement in Uber Case,” featured in LA Times, discussed how a District Court judge would not rule on a proposed settlement that could reach $100 million in a class-action case between Uber and drivers for the ride-hailing company until both sides provide more information.
Todd Scherwin weighed in on the Judge’s stance.
"This judge is certainly looking at this thing with a fine-tooth comb especially because there's so much publicity to it," said Todd.
The proposed settlement starts at $84 million, but calls for paying drivers an additional $16 million if the company's valuation reaches 1.5 times its current value after it goes public or if it gets bought.
That discrepancy could raise questions, Todd said.
"I think the biggest issue is the uncertainty between the $100 million and the $84 million. That's a lot of money to be advocated and a lot of uncertainty to it."
To read the full article, please visit LA Times.