March 5, 2024

Lyft Inc. Class A Common Stock (NASDAQ: LYFT)

6 Days left to seek lead plaintiff status.

Company Name:Lyft Inc. Class A Common Stock

Stock Symbol:NASDAQ: LYFT

Class Period Start:02/13/2024

Class Period End (inclusive):02/13/2024

Filing Deadline:05/06/2024

According to the Complaint, Lyft released its year-end and fourth quarter 2023 operating results in a press release after the close of the market on February 13, 2024 that misrepresented in a bulleted line item that Lyft anticipated “Adjusted EBITDA margin expansion (calculated as a percentage of Gross Bookings) of approximately 500 basis points year-over-year.” In fact, Lyft only anticipated a 50 basis point margin expansion. The Complaint alleges that the misrepresentation with respect to margins was material and caused Lyft common stock to trade at an artificially high price. The Complaint further alleges that Defendants knew that many if not most of the shares that traded in the aftermarket were shorts that were covering their positions and therefore were motivated not to move promptly to correct the press release and that the presence of the large short position had a negative impact on the Individual Defendants’ ability to earn stock-based performance bonuses.

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5. ClaimsFiler.com reserves the right to reveal confidential information only if: (1) we believe it is necessary to prevent your committing a crime that is likely to result in death or substantial bodily harm; (2) we must establish a claim or to defend ClaimsFiler.com in a controversy with you; or (3) to respond to allegations about how we have represented you.
6. Not withstanding the foregoing, Professional and High Net Worth Members of ClaimsFiler.com are entitled to receive unlimited communications with personal Securities Attorneys. To take advantage of this special benefit and to submit your inquiries directly to an Attorney, a special “Contact Lawyer” email link will be provided to you on your profile page. You should use this link to initiate communication directly with your Securities Attorney. Professional and High Net Worth Members are also entitled to received fully contingent legal representation in matters relating to federal securities fraud, negligence and breaches of fiduciary duty claims against publicly traded companies. The ultimate decision to accept legal representation in any matter is subject to the legal analysis and opinion of the Securities Attorney and is final. The establishment of any attorney/client retention agreement for representation is directly between you and the Securities Attorney, independent of ClaimsFiler.com.

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Lyft Inc. Class A Common Stock (NASDAQ: LYFT)

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Recent Security Class Actions

Lyft Inc. Class A Common Stock (NASDAQ: LYFT)

6 Days left to seek lead plaintiff status.

Lyft Inc. Class A Common Stock (NASDAQ: LYFT) Claim Form

Real Time Class Action Monitoring for ALL of Your Investment Accounts

No Matter Your Brokerage,We have you Covered

Terms of Service

Privacy Policy

Scope

Personal Information We May Collect and Where It Comes From

Information You Provide To ClaimsFiler

Information We Collect From Your Financial Account

Information We Collect From Your Devices

Information We Receive About You From Other Sources

How We Disclose And Use Information

How We Share Your Information

How We Handle / Secure Your Information

Our Legal Basis for Handling Your Information

International Visitors

Children’s Privacy

Data Retention

Data Deletion

Updates To This Privacy Policy

Contact Us

No Matter Your Brokerage,
We have you Covered