Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolios

London black cab drivers sue Uber for £250mln

Published 02/05/2024, 08:51
© Reuters. London black cab drivers sue Uber for £250mln
UBER
-

Proactive Investors - Thousands of London black cab drivers are to launch a £250 million lawsuit against Uber Technologies Inc (NYSE:UBER), claiming it misled Transport for London (TfL) to obtain a licence.

Almost 11,000 black cab drivers are involved in the lawsuit, which alleges the ride-hailing firm deliberately misrepresented how the Uber app worked to gain approval in London.

Mishcon de Reya is set to file the case in London’s High Court on Thursday, with litigation firm RGL Management claiming the case is worth £250 million, or £25,000 per driver.

This marks the latest complaint against Uber, with the action focusing on Uber’s operations in London between May 2012 and March 2018.

“Uber seems to believe it is above the law and cabbies across London have suffered loss of earnings because of it,” black cab driver Garry White said.

“It is time they were held to account.”

Uber had faced its licence not being renewed by TfL in 2017 and 2019, with lacking “corporate responsibility” and “safety and security implications” being cited initially.

Though Uber eventually successfully appealed, with a two-and-a-half-year licence being granted until September of this year most recently, the company has also faced lawsuits overseas.

Around £142 million was paid to settle a lawsuit in Australia earlier this year, while Uber won a case against taxi drivers in France last December.

“These old claims are completely unfounded,” an Uber spokesperson responded to the latest lawsuit.

“Uber operates lawfully in London, is fully licensed by TfL, and is proud to serve millions of passengers and drivers across the capital.”

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.