Uber Agrees to $272 Million Settlement Over Disruption of Australian Taxi and Hire-Car Industry
MELBOURNE, Australia – Uber has agreed to pay a settlement of nearly $272 million to compensate taxi and hire-car drivers in Australia who suffered financial losses when the rideshare company aggressively entered the market. The class-action lawsuit, which was set to go to trial at the supreme court of Victoria, was canceled after Uber reached the $271.8 million settlement. This is now the fifth-largest class-action settlement in the history of Australia. Over 8,000 taxi and hire-car owners and drivers were represented by Maurice Blackburn Lawyers in the legal battle that spanned five arduous years. The … Read more