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Time extended for Uber, Lyft to comply with worker order

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A California appeals court extended the length of time for ride-hailing companies Uber and Lyft to comply with a worker order.

Officials with both companies have threatened to suspend services in the state over a rule requiring them to reclassify drivers as employees rather than independent contractors.

State officials have alleged in a lawsuit that the companies have avoided expenses such as payroll taxes by failing to comply with the law.

The companies are required to submit sworn statements to the court next week. Uber and Lyft are banking on a ballot measure this fall that would exempt them from the rule.

Read more from CNBC.

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