Uber to pay $100 million settlement to keep drivers as contractors in two states

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SAN FRANCISCO — Uber has agreed to pay up to $ 100 million and make several policy concessions to settle a pair of major class-action lawsuits in two states that will keep its drivers independent contractors instead of employees, both sides announced Thursday night.

The settlement is a major step toward the ride-hailing company keeping its thriving business model that has been threatened as drivers have sought a more secure status and more bargaining rights.

Under the deal, Uber will pay $ 84 million to the plaintiffs in California and Massachusetts and another $ 16 million if the company goes public and meets certain goals. Read more…

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