Ex-Lyft Director Arranged Massive Pre-IPO Share Sale, SEC Claims
(Bloomberg) -- Lyft Inc. agreed to pay a $10 million penalty to settle US Securities and Exchange Commission claims that it failed to disclose a board director’s involvement in a share sale just before the company’s initial public offering in 2019.Most Read from BloombergXi’s Missing Defense Chief Opens Door for US Military TalksHow Auto Executives Misread the UAW Ahead of Historic StrikeTrillion-Dollar Industry Powering Chicago at Risk of LeavingVegas’ Newest Resort Is a $3.7 Billion Palace, 23