Regulations

Some Drivers To Receive Less Than $25 From Uber Settlement

Posted on April 27, 2016

Uber drivers made news last week when the company settled class-action suits that could pay drivers as much as $100 million, but court documents show most eligible drivers will probably get less than $25.

In the settlement filed in U.S. District court in Northern California on April 21, Uber agreed to pay the plaintiffs $84 million, with a second payment of $16 million if the company goes public and its valuation increases one and a half times from that of Dec. 2015.

Payouts depend on how many miles the driver drove with Uber and whether he or she opted out of Uber's arbitration clause in its 2013 and 2014 driver agreements. More importantly, all estimates depend on how many eligible Uber drivers actually file to claim the money. The more who do, the lower the amounts that will be paid out.

USA Today article here

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