IN RE LYFT, INC. DERIVATIVE LITIGATION
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 In Re Lyft, Inc. Derivative Litigation Case No. 20-cv-09257-HSG
ORDER GRANTING PLAINTIFF’S
UNOPPOSED MOTION FOR
PRELIMINARY APPROVAL OF
SETTLEMENT
10 Re: Dkt. No. 60
12 Pending before the Court is Plaintiffs’ unopposed motion for preliminary approval of the settlement reached in their consolidated shareholder derivative action. See Dkt. No. 60 (“Mot.”). The Court held a hearing on the motion on August 29, 2024. For the reasons detailed below, the Court GRANTS the motion. I. BACKGROUND A. Factual Allegations This is a shareholder derivative action on behalf of nominal defendant Lyft, Inc. (“Lyft”) against several Lyft officers and directors (collectively “Individual Defendants”). Plaintiffs allege that the Individual Defendants breached their fiduciary duty by failing, among other things, to: “(1) prevent or remediate the rampant sexual and physical assault committed by Lyft drivers against Lyft…