Uber to pay $272 million in landmark taxi class action settlement

AutoExec Summary

Uber has agreed to pay $271.8 million to taxi and hire-car drivers and owners in Australia to settle a class action. The lawsuit claimed Uber reduced the value of the taxi industry’s services by launching rideshare operations in Victoria, New South Wales, Queensland, and Western Australia. Taxi and hire-car owners paid thousands for licenses, while Uber allowed private drivers to operate without the same regulation. The settlement, the fifth largest in Australia, will be distributed among 8000 members of the class action. Uber states it has made significant contributions to state-level taxi compensation schemes and aims to move past the legacy issues.

Brands mentioned: Uber