Daniel Victor reports via The New York Times: Ending a case that electrified punctuation pedants, grammar goons and comma connoisseurs, Oakhurst Dairy settled an overtime dispute with its drivers that..
Greg Bensinger / Wall Street Journal:
Uber settles Waymo suit, pledges not to use Waymo's trade secrets; Waymo to get 0.34% stake in Uber which sources say would be worth ~$245M at $72B valuation..
In a shocking development, Uber said on Friday it has settled the high-stakes trade-secret theft lawsuit brought by Alphabet's Waymo, resolving a conflict that already cost the ride-hailing giant its top driverless car engineer and threatened to further embarrass the company. From a report: Uber will pay Waymo a 0.34 percent equity stake amounting to about $245 million at Uber's recent $72 billion valuation, the companies said on Friday, after days of courtroom theatrics. Uber has also agreed not to incorporate Waymo's confidential information into its hardware and software, though Uber CEO Dara Khosrowshahi writes that he doesn't believe his company used any of Waymo's trade secrets in the first place. Khosrowshahi says that he feels “regret” over the dispute and wished his predecessors had handled it differently.
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