Third-party delivery provider Grubhub agreed to pay $42 million to settle a proposed class-action lawsuit that claimed the company misled investors about its performance. The suit, filed in 2019 in U.S. District Court in Illinois, is related to a pivotal expansion push made by Grubhub in 2018 as it raced to keep up with competitors. …
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WHITE PLAINS, N.Y. (Legal Newsline) — The Pompano Beach Police and Firefighters’ Retirement System alleges a restaurant online ordering/delivery software company misled it and other investors. Pompano Beach Police and Firefighters’ Retirement System, individually and on behalf of all others similarly situated, filed a complaint Sept. 26 in the U.S. District Court for the Southern District …
Continue reading “Securities class action targets Olo and its Subway footprint”
Proposed Department of Labor rules stop short of classifying Uber and Lyft drivers as employees. But the Biden administration’s pro-worker bias has analysts wondering what may come next in the battle over the gig economy and union momentum in the U.S. workforce. In a worst-case scenario, costs could rise as much as 30 percent for …
Continue reading “Is the Uber, Lyft and gig economy battle over workers nearing its end game?”
Uber is partnering with Seattle-based company Leafly to deliver cannabis in Toronto. It’s the first time cannabis delivery is available on a major third-party delivery platform. “It marks not only a new milestone for Leafly, but a huge milestone for the cannabis industry,” Dave Cotter, Leafly chief product officer, told GeekWire. Uber Eats users in Toronto …
The stock prices of Uber, Lyft and DoorDash slid on Tuesday after the Department of Labor announced proposed changes to how workers should be classified. The prospective guidance is intended to “combat employee misclassification,” the federal agency said in a statement. Soon after, Uber’s share price dropped by more than 10% to $24.61, while Lyft’s tanked more than …
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The Seattle Office of Labor Standards announced Thursday it reached a settlement worth more than $3.3 million with Uber Eats for alleged violations of the Gig Worker Premium Pay Ordinance. The ordinance requires food delivery companies like Uber Eats to pay their workers additional compensation called “premium pay” for delivery orders with pick-up and drop-off …
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Shares of Uber and Lyft tumbled on Tuesday, falling by double digits and adding to the market’s gloom, after the US Department of Labor announced a proposed rule change that would change the way that it determines if workers can be classified as employees or independent contractors. The Department of Labor said in a statement that it believes …
LAFAYETTE, La.–(BUSINESS WIRE)–Waitr Holdings Inc. (Nasdaq: WTRH), a leader in on-demand ordering and delivery, announces that its Special Meeting of Stockholders to be held on October 6, 2022 at 10:00 a.m. Eastern Time will be adjourned until October 20, 2022 at 10:00 a.m. Eastern Time in order to provide stockholders additional time to vote on …
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Uber may have built its hailing empire, in part, by notoriously skirting past local laws and regulations, but at least one state’s finally forcing the company to pay up. On Tuesday, Uber agreed to pay New Jersey $100 million in back taxes over claims the company misclassified thousands of drivers as independent contractors between 2014-2018. That mischaracterization, according …
The technology company said it has known since the beginning of the year that Subway could leave, taking 15,000 locations and “a few million dollars” in revenue with it.By Joe Guszkowski on Aug. 17, 2022 Subway is leaving Olo in favor of an in-house tech solution. / Photograph: Shutterstock Online ordering company Olo revealed last week that …
Continue reading “OLO IS LOSING ITS SUBWAY BUSINESS, DRAWING SHAREHOLDER LAWSUITS”
