Uber to pay up to $100 million to settle lawsuit over employment status

Taxi drivers block an avenue to protest against Uber Technologies Inc. in downtown Buenos Aires, April 15, 2016. REUTERS/Enrique Marcarian

SAN FRANCISCO (Reuters) - Ride service Uber has agreed to pay up to $100 million to settle a class action lawsuit over whether its California drivers are employees or independent contractors. Out of that money, $84 million is guaranteed to drivers and $16 million is contingent on an increase in Uber's value, according to a statement from lawyers representing the drivers. (Reporting by Dan Levine; Editing by Michael Perry)