$LYFT agreed to pay $25 million to shareholders to avoid further litigation on misleading statements.

As you may remember, Lyft priced its shares at $72 during the IPO.

Right after the IPO stock plunged to $60ish and a couple of months later went down even further to $45. What initially seemed like a growing successful business, turned out to be a huge loss for many investors.

A bit later, several shareholders filed a class action lawsuit, alleging Lyft of misleading statements during the IPO preparation and the following months.

And now, finally, Lyft agreed to pay compensation to the shareholders who traded LYFT stocks back in 2019. Yeah, a bit late, but still, it is an excellent example of shareholder rights being protected.

In case you have traded LYFT stock back then, you can calculate your compensation and claim it here