Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessCalifornia Court Allows Uber, Lyft to classify drivers as independent contractors, share...

California Court Allows Uber, Lyft to classify drivers as independent contractors, share prices rise

Add to Favorite
Added to Favorite
Photo by Mariia Shalabaieva on Unsplash

On Monday, a California appeals court overturned a decision by a lower court and said that ride-hailing apps such as Uber (UBER) and Lyft could continue to call their drivers independent contractors. In November 2020, voters in California approved Proposition 22 that allowed drivers of the ride-sharing apps to be called contractors. A group including some drivers tried to get the court to strike it down. They succeeded in the lower court but lost their case in the appeals court. Shares of both Uber and Lyft rose after the victory.

CWEB UBER Stock Chart

In 2021, a California judge Frank Roesch from Alameda County Superior Court ruled that Prop 22 was unconstitutional. The ruling was appealed by the state and a group that included representatives from the companies and others. The Monday decision in favor of the ride-sharing apps resulted in a 5 percent rise in values of Uber, Lyft and DoorDash (DASH) stocks after hours.

The 63-page opinion from California justices from the 1st District Court of Appeal also stated, “Proposition 22 does not intrude on the Legislature’s workers’ compensation authority or violate the single-subject rule.” Two judges Justice Tracie L. Brown and Justice Stuart R. Pollak supported Proposition 22 while the third appeals court judge Jon B. Streeter wrote a dissenting opinion.

CWEB LYFT Stock Chart

Proposition 22 was the most expensive ballot issue in the history of the Golden State. Ride sharing companies reportedly spent almost $200 million to promote a “Yes” campaign, which finally received support at the ballot. The companies prompted their drivers to vote in support and the proposition passed through with 58 percent of votes in its favor.

Organic Greek Vitamin Bottles. Hydrogen Alkaline Generator Water + Filter 4 in 1 Design 500mL (16.9 FL OZ)

Proposition 22 exempted companies such as Uber, Lyft and others from following certain minimum conditions including the following:
minimum wage
overtime and
workers’ compensation laws.

It required companies to pay subsidies for compensation and healthcare that was based on “engaged driving time” and other benefits such as safety training and “sexual harassment training.”

It is expected that Monday’s ruling will be appealed to the California Supreme Court.

Celebrity News Update— Premier Jewelry designer and manufacturer fashion house  ParisJewelry.com  has started manufacturing a new custom line of celebrity jewelry designs with 30% Off and Free Shipping. Replenish Your Body- Refilter Your Health with  OrganicGreek.com  Vitamin Bottles, Vitamins and Herbs. Become a  WebFans  Creator and Influencer.

Why is Groupon Going to Benefit from the Economic Rebound?

 

Subscribe to get Latest News Updates

Latest News

You may like more
more

U.S. House Votes to Allocate $3 Billion to Remove Chinese Telecom Equipment

The U.S. House of Representatives is preparing to vote...

ECB December Meeting Preview: Rate Cuts and Revised Projections in Focus

The European Central Bank (ECB) is expected to reduce...

Weekly Upgrade Round-Up: Major Analysts Boost Market Sentiment for Key Stocks

This week saw several prominent companies receive notable upgrades...

Gucci Faces Uphill Battle as 2025 Approaches: UBS Analysts Skeptical

Gucci, the flagship brand of Kering (EPA:PRTP), remains a...