In re Lyft Inc. Securities Litigation

Good Law
United States District Court, Northern District of CaliforniaAugust 7, 20234:19-cv-02690California9,670 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 IN RE LYFT INC. SECURITIES Case No. 19-cv-02690-HSG

LITIGATION

ORDER GRANTING MOTIONS FOR

FINAL APPROVAL AND

ATTORNEYS’ FEES AND EXPENSES

AND DENYING MOTION FOR COSTS

FOR LEAD PLAINTIFF Re: Dkt. Nos. 311, 312, 313

12 Before the Court are Plaintiffs’ motions for final approval of class action settlement, attorneys’ fees and expenses, and costs for Lead Plaintiff. See Dkt. Nos. 311, 312, 313. The Court held a final fairness hearing on July 20, 2023. The Court GRANTS the motions for final approval and attorneys’ fees and expenses and DENIES the motion for costs for Lead Plaintiff. I. BACKGROUND A. Factual Allegations Plaintiffs purchased shares of Defendant Lyft Inc.’s common stock when Lyft went public through an Initial Public Offering (“IPO”) on March 28, 2019. See Dkt. No. 339 (“SAC”) ¶¶ 3, 5, 31. Plaintiffs bring this securities…

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