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COMING UP:Share Opener Variant 1



>> The dramatic legal battle of the C-suites at rival ride-sharing companies Lyft and Uber called off. The companies agreeing to settle Uber's high stakes suit against its much smaller competitor Tuesday, avoiding a trial that could've revealed embarrassing details about both. Reuters West Coast legal correspondent Dan Levine.>> This litigation was really driven by the personalities of the executives at these two companies.
When Lyft's Chief Operating Officer went to go to work for Uber, he told them that Lyft's Chief Technology Officer had said he found a way to hack into Uber's systems.>> Lyft's CTO denies that he played a role in a 2014 data breach at Uber involving the download of names and license numbers of up to 50,000 drivers.
One reason Uber may have pulled back, allegations that Lyft's former COO violated his confidentiality pledges at his new job at Uber. But Uber has also been settling a lot of lawsuits lately.>> I think they’re trying to position themselves as a mature company, as opposed to more of a brash upstart, and getting rid of some of this legal risk that is facing them and headline risk that that brings.
I think helps them do that. Last year Reuters was first to report the US Department of Justice had opened a criminal investigation into whether any Lyft employees were involved in Uber's data breach. It's not clear how a settlement will impact the DOJ's investigation.