ReutersAug 21, 2020 02:15:09 IST
By Tina Bellon
(Reuters) - A California appeals court on Thursday halted a lower court order that would have forced Uber Technologies Inc
The companies had said they would be unable to comply with a new law that would consider their drivers employees entitled to benefits such as minimum wage, overtime and sick pay and unemployment insurance.
Lyft shares were up almost 9% after the last-minute ruling, and Uber shares were up 6.4%.
The companies had sought the intervention of the California First District Court of Appeal in San Francisco to block an injunction order issued by a judge last week. That ruling forced the companies to treat their drivers as employees starting Thursday after midnight.
(Reporting by Tina Bellon in New York; Editing by Steve Orlofsky and Tom Brown)
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