Uber faces a 9-figure lawsuit that could net London taxi drivers $31,000 each [Yahoo! Finance]
Uber Technologies, Inc. (UBER)
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Source: Yahoo! Finance
A suit representing 10,500 drivers will be filed in London's High Court Thursday, claiming Uber improperly obtained a license to operate in the capital from Transport for London (TfL) in 2012. RGL Management, a litigation firm representing the drivers, is chasing Uber for £250 million ($313 million) in damages, which it says equates to a payday of £25,000 ($31,000) each, if successful. “Uber seems to believe it is above the law and cabbies across London have suffered loss of earnings because of it,” Garry White, a 36-year black cab veteran, said in a statement issued by RGL. “It is time they were held to account.” The group reportedly first threatened to bring a claim against Uber in 2019, but did not move forward after a conversation with the ride-hailing app's lawyers. However, RGL now feels it has adequate grounds stating that Uber had unlawfully taken business from black cab drivers. A spokesperson for Uber told Fortune : “These old claims are completely unfounded. Uber
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