Uber to pay $178 million in Australia taxi class action settlement
The class action suit was filed in 2019 in the Supreme Court of Victoria state on behalf more than 8,000 taxi and hire car owners and drivers, accusing Uber of breaking laws requiring taxis and hire cars to be licenced.
Uber's 2012 arrival in the market took revenue from licenced taxi drivers while destroying the value of the licences they had paid for, according to the lawsuit. (Image credit: Reuters)