Uber to pay $28.5 mn to settle lawsuit by riders

Uber on Thursday agreed to pay $28.5 million to settle two lawsuits by its riders alleging the company's $1 "Safe Ride Fee" constitutes false advertising. The complainants argued that the fee's name is misleading and Uber's claim of "industry leading" driver background checks are false. The payout will be divided among 25 million US riders who paid the $1 fee.

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