Uber could have walked away from further negotiations after an appeals court hinted it might overrule a key pretrial ruling in the fight over whether drivers must be treated as employees. Three weeks after a federal judge threw out their $100 million settlement in a case central to the future of the sharing economy, the parties told a federal appeals court they’ve resumed negotiations. Today’s statement to the court is clear indication they’re not quite ready to sever talks with their drivers. Lyft Inc., the second-largest US ride-hailing company behind Uber, moved closer on 23 June to sealing its $27 million deal with drivers that leaves them classified as independent contractors. US district judge Vince Chhabria in April had rejected an earlier $12.5 million offer, saying it short-changed drivers because it didn’t account for the company’s rapid growth.

Source: Mint September 12, 2016 04:41 UTC