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The American driving service Uber has settled a legal dispute with the taxi and car rental industry that has been going on in Australia for years. The company has now agreed to a settlement of almost 272 million Australian dollars (158.9 million Swiss francs).
A hearing date for the class action lawsuit brought against Uber by 8,000 taxi drivers and car rental companies, scheduled for Monday in the Supreme Court in the state of Victoria, was cancelled, the judiciary news agency AAP reported.
It was the fifth largest class action lawsuit in Australian history. The plaintiffs argued that Uber caused huge financial losses to other transportation companies during its “aggressive market entry” in 2012. At the same time, Uber also used unregistered cars with unaccredited drivers, pointed out law firm Maurice Blackburn, which is representing the plaintiffs. However, the San Francisco company has always denied compensation to those affected.
AAP quoted an Uber spokesperson as saying the complaints were “legacy issues.” When the company entered the market more than a decade ago, there were no regulations for ride-sharing anywhere. Before the settlement is finally paid out, the Supreme Court must formally approve it. (SDA)
Source: Blick
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
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