IN RE LYFT, INC. DERIVATIVE LITIGATION

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 RON CHENOY, Case No. 20-cv-09257-HSG

Plaintiff, ORDER GRANTING FINAL

APPROVAL OF SHAREHOLDER

v. DERIVATIVE ACTION SETTLEMENT

LYFT, INC., et al., Re: Dkt. No. 68 Defendants.

12 Pending before the Court is Plaintiffs’ unopposed motion for final approval of shareholder derivation action settlement, attorneys’ fees and expenses, and service award allocations. See Dkt. No. 68 (“Mot.”). The Court held a final fairness hearing on February 6, 2025. For the reasons stated below, the Court GRANTS the motion and applies a downward adjustment to the attorneys’ fee award. 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…