A pair of offshore hedge funds that claim to have lost more than $15 million to cover short positions in Tesla have asked for court approval to lead consolidated private securities fraud litigation against the carmaker.

A California limousine company told a federal court Friday that the state's newly adopted Dynamex standard for distinguishing between independent contractors and employees will show that Uber Technologies Inc. has misclassified its drivers to get a competitive edge over traditional taxicabs and limousine companies.

Lawyers representing a Southern California limousine company that sued Uber last month over state unfair competition allegations have now filed a motion for partial summary judgement.

Lawyers at Robins Kaplan and Keller Lenkner sued Uber last month on behalf of a SoCal livery service claiming that ride-haling app company saves millions in required benefits and payroll costs by misclassifying drivers, and targets their client with “below-cost and anticompetitive pricing.”

A Southern California limousine company suedUber in federal court earlier this week, alleging violations of state unfair-competition laws.

A Los Angeles limousine company has sued Uber Technologies Inc. in federal court in San Francisco for unfair competition, alleging that the ride-booking company saves up to $500 million per year and hurts its rivals by failing to classify its drivers as employees. 

Uber has for years successfully fought off lawsuits claiming it misclassifies drivers as contractors, but a class action filed by a competitor this week could force the ride-hail giant to finally start treating drivers like employees.

Uber Technologies Inc. may be saving more than $500 million a year by misclassifying its California drivers as independent contractors, according to a lawsuit that claims the ride-hailing company is flouting a ruling by the state’s highest court.

The lawsuit, filed on behalf of livery services by lawyers at Robins Kaplan and Keller Lenkner, seeks an injunction barring Uber from pricing rides below cost and treble damages for Uber's allegedly anti-competitive activity.

A limousine company has filed a proposed class action against Uber Technologies Inc. in California federal court alleging that the ride-sharing service has unfairly stolen business from traditional cab companies by low-balling its drivers’ wages and unfairly steering clear of the required costs of doing business.