LOS ANGELES, CA / ACCESSWIRE / June 29, 2019 / The Schall Law Firm, a nationalshareholder rights litigation firm, announces the filing of a classaction lawsuit against Lyft, Inc. (“Lyft” or “the Company”) (NASDAQ: LYFT) for violations of the federal securities laws.

Investors who purchased the Company’s shares pursuant to and/ortraceable to the Company’s Initial Public Offering in March 2019 (the”IPO”) are encouraged to contact the firm before July 16, 2019.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall, or Rina Restaino, ofthe Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA90067, at 424-303-1964, to discuss your rights free of charge. You canalso reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and untilcertification occurs, you are not represented by an attorney. If youchoose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleadingstatements to the market. Lyft’s claimed position in the ridesharingmarket was overstated. More than 1,000 of the Company’s ridesharingbicycles suffered from safety deficiencies requiring a recall to fix. Atthe same time, the Company’s drivers were becoming disincentivized fromdriving for Lyft. The Company failed to warn investors that this labordisruption could threaten its operations. Based on these facts, theCompany’s public statements were false and materially misleadingthroughout the IPO period. When the market learned the truth about Lyft,investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world andspecializes in securities class action lawsuits and shareholder rightslitigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
[email protected]

SOURCE: The Schall Law Firm

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