Uber customer claims company won price-fixing suit because arbitrator was scared

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 66%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

An Uber customer on Friday asked a Manhattan federal judge to overturn an arbitration win for the company in a price-fixing case, arguing that the ...

An Uber customer on Friday asked a Manhattan federal judge to overturn an arbitration win for the company in a price-fixing case, arguing that the arbitrator only ruled in Uber's favor because he was scared.

Spencer Meyer initiated the high-profile 2015 antitrust lawsuit alleging that Uber Technologies Inc engaged in an illegal conspiracy with its drivers to coordinate high"surge pricing" fares during periods of heavy demand by agreeing to charge prices set by an algorithm in the Uber ride-hailing app.Uber takes a cut from drivers' earnings, and ride-hailing trips in North America make up the bulk of the company's revenue. The lawsuit sought a nationwide ban against surge pricing.

The company has previously said it believed the law was on its side, pointing to the fact that no antitrust agency has raised issues.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in CA

Canada Canada Latest News, Canada Canada Headlines