California AG, and cities, Sue Uber and Lyft

• California Attorney General Xavier Becerra is suing Uber and Lyft, alleging the ride sharing companies have misclassified their drivers as contractors.
• City attorneys from San Francisco, Los Angeles and San Diego have joined Becerra in the lawsuit.
• The lawsuit gets to the heart of a recent debate between gig economy companies and California officials over a new California law known as Assembly Bill 5 (AB5).

From CNBC. Read More.