Uber files appeal in drivers' lawsuit seeking employee status
Uber Technologies Inc. on Tuesday filed an appeal of a judge's ruling that granted class-action status to drivers seeking to be classified as employees, according to The Wall Street Journal. The ruling, handed down earlier this month, would allow an estimated 160,000 drivers to join the suit against Uber, a ride-hailing app that treats drivers as independent contractors. The company, which has garnered a valuation from venture capitalists topping $50 billion, said in its appeal that U.S. District Judge Edward Chen's ruling is "manifestly erroneous," the Journal reported.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.