San Diego, CA -- (SBWIRE) -- 02/27/2020 -- Certain directors of Lyft, Inc. are under investigation over potential breaches of fiduciary duties.

Investors who purchased shares of Lyft, Inc. (NASDAQ: LYFT) and currently hold any of those NASDAQ: LYFT shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Lyft, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

On May 17, 2019, a lawsuit was filed against Lyft, Inc. over alleged violations of Federal Securities Laws by Lyft, Inc. in connection with certain allegedly false and misleading statements made in connection with the company's March 29, 2019 initial public offering ("IPO").

The plaintiff claimed that the defendants made false and misleading statements in Lyft's registration statement and prospectus issued in connection with the company's March 29, 2019 initial public offering. The alleged misstatements involve Lyft's claims about its domestic market share, failure to disclose issues surrounding the safety of the company's bike sharing program, and labor issues.

Those who purchased shares of Lyft, Inc. (NASDAQ: LYFT) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.