Uber and Lyft to Pay $328 Million to Settle Claims of Underpaying NYC Drivers

Uber and Lyft agree to pay $328 million to settle claims they underpaid NYC drivers by improperly deducting taxes and fees from fares.

Uber to pay $290 million, Lyft to pay $38 million into settlement funds for current and former NYC drivers.

NY Attorney General says companies "misrepresented" deductions, withheld hard-earned pay from over 100,000 drivers.

As part of settlement, Uber and Lyft agree to provide paid sick leave and better pay transparency for NYC drivers going forward.

Uber calls agreement a model for resolving driver classification issues; Lyft says it builds on existing benefits for drivers.