PHILADELPHIA, Sept. 23, 2026 (GLOBE NEWSWIRE) — Kehoe Law Firm, P.C. is investigating whether certain officers and directors of Lyft, Inc. (“Lyft” or the “Company”) (NASDAQ: LYFT) may have breached their fiduciary duties to Lyft and whether the Company and its shareholders may have suffered harm as a result.
On July 23, 2026, short seller Bleecker Street Research (“BSR”) published a report titled “Lyft: Massive Liabilities, Limited Capacity to Pay Them, and a Deteriorating Business Outlook.”
According to the BSR report, “Lyft faces an estimated $1.3 to $2.7 billion of exposure from consolidated rideshare sexual-assault litigation against only $533 million of combined legal and tax accruals, of which little, if any, appears to be set aside for such claims. In fact, no specific sexual assault-related accrual appears on Lyft’s balance sheet, which has only $1.7 billion of unrestricted cash and investments.”
The report further stated that Lyft “will struggle to swallow a multibillion-dollar liability” and that Lyft was defending “over 2,000 sexual harassment and assault cases filed publicly.”
LYFT SHAREHOLDERS: If you own Lyft common stock, you are encouraged to contact Kehoe Law Firm to learn more about the investigation and your potential legal rights.
Learn more: https://kehoelawfirm.com/lyft-director-officer-investigation/
For a free, no-obligation legal evaluation, contact:
Michael Yarnoff, Esq.
(215) 792-6676, Ext. 804
myarnoff@kehoelawfirm.com
info@kehoelawfirm.com
About Kehoe Law Firm
Kehoe Law Firm, P.C. is a plaintiff-side class action law firm representing investors, consumers, and employees in securities fraud, corporate misconduct, antitrust, data breach, consumer fraud, employment, and retirement-plan matters. Its attorneys have served as lead or co-lead counsel in major securities cases recovering more than $10 billion for investors. Class action legal services are provided on a contingency-fee basis, subject to court approval of attorneys’ fees and expenses.
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