Uber Reaches Last-Minute Agreement with California Trial Attorneys, Averting Ballot Showdown

Governor Gavin Newsom signed a legislative agreement (SB 623) between Uber Technologies Inc and California trial attorneys to avoid a $50 million ballot measure showdown. The deal introduces new safety requirements for ride-hailing companies but does not cap attorney fees in car crash lawsuits, as initially sought by Uber.

By Namrata Sen Sat, June 27, 2026 at 4:32 PM GMT+3 6 min read · Yahoo Finance · June 27, 2026, 13:32 UTC

Tickers: $UBER

Topics: ballot initiatives California legislation safety regulations Uber

Read the full article at Yahoo Finance

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