UBER - Uber Vs. London's Black Cab: Company Faces $310M Claim from Drivers | Benzinga
Uber Technologies, Inc (NYSE:UBER) is being sued for millions by over 10,500 London black-cab drivers, claiming the company unlawfully secured a license in 2012, which led to their business loss.
The lawsuit, organized by RGL Management and estimated at roughly $312.90 million (250 million Sterling Pounds) in damages, accuses Uber of siphoning business away from local drivers.
Over 10,500 black-cab drivers allege that Uber improperly acquired a license from Transport for London (TfL) in 2012, which they claim enabled Uber to divert business from traditional taxi operators unlawfully, the Financial Times reports.
In 2017, TfL refused to renew Uber’s license, judging it not a “fit and proper” operator, which was a decision partly reversed after Uber’s ...