Uber Technologies Inc (NYSE:UBER) has reportedly agreed to pay A$271.8 million ($178 million) for a settlement of a lawsuit by Australian taxi operators and drivers.
The taxi drivers claimed they lost income when the ride-hailing company moved into the country, reported Reuters.
This is Australia’s fifth-largest settlement, as per Maurice Blackburn Lawyers. The class action suit was filed in 2019 in the Supreme Court of Victoria state on behalf of over 8,000 taxies and hire car owners and drivers, accusing Uber of breaking laws requiring taxis and hire cars to be licensed.
The ...