Uber settles driver class-action lawsuit for $100 million

Uber has settled two class-action lawsuits in California and Massachusetts that will allow it to continue to classify its drivers as independent contractors – but at a cost of up to $100 million in settlement money.

The San Francisco-based ride-sharing giant revealed the move via a blog post late Thursday. Under the terms of the settlement, reached in the U.S. District Court in the Northern District of California, Uber will settle with about 385,000 drivers named as plaintiffs in the lawsuits…