LYFT May 2024 22.500 put
| Previous Close | 4.8000 |
| Open | N/A |
| Bid | 4.6000 |
| Ask | 5.9500 |
| Strike | 22.50 |
| Expire Date | 2024-05-24 |
| Day's Range | 4.8000 - 4.8000 |
| Contract Range | N/A |
| Volume | |
| Open Interest | N/A |
LA TimesCalifornia Supreme Court to hear oral arguments on Uber, Lyft-backed Prop. 22
California's Supreme Court will hear arguments on the constitutionality of Proposition 22, which classified drivers working in the gig economy as independent contractors.
ReutersCalifornia court to weigh fate of law treating app-based drivers as contractors
California's top state court on Tuesday will consider a labor union's challenge to a ballot measure allowing app-based services such as Uber and Lyft to classify drivers in the state as independent contractors rather than as employees with more benefits. The seven-member California Supreme Court will hear oral arguments in San Francisco in a lawsuit by the Service Employees International Union (SEIU) and four drivers who say the 2020 ballot measure known as Proposition 22 was unconstitutional. Whether gig workers should be treated as employees or contractors is a crucial issue for the industry, as employees are entitled to the minimum wage, overtime pay, reimbursements for expenses and other protections that do not extend to independent contractors, who as a result can cost companies up to 30% less, according to several studies.
