Judge rejects $1.7-billion taxi industry suit targeting Toronto over losses after Uber’s arrival

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 92%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Ontario judge rejects $1.7-billion class-action by taxi drivers to sue Toronto over losses suffered after Uber entered city

“There is no obligation to protect the economic interests of those granted taxi licences,” Justice Perell wrote. “Legislative activities inevitably affect individual citizens; for some the affect is positive, and for others the affect is negative.”By denying certification, his decision means the case cannot proceed as a class action.

The plates, which are issued by the city and can be bought and sold on a secondary market, permit the owner to operate a taxi or to have someone do so on their behalf. City-enforced limits on the number of plates had long helped push up their market value, which at one point hit a high of around $380,000.

Justice Perell’s ruling comes after years of turmoil in the taxi industry, which has been hit hard by the emergence of Uber and other ride-hailing companies. The industry, in many cities accustomed to operating in a protected market, has seen major losses. A number of cases of driver suicide, particularly in New York, have been attributed to financial problems.Around the world, cities have struggled to manage these new transportation providers.

In Toronto, which failed in its attempt to get an injunction to stop Uber and eventually rewrote its regulations to allow ride-hailing, there has been no serious talk at city hall about compensation.

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:

 /  🏆 5. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Can a taxi driver not also be an uber driver?

Good

Non 👎🏼 merci Hervé,BIXI,APPEL.

They don't deserve it. How about you improve customer service and customer experience first? BeckTaxi Your drivers refusing fares that aren't going far enough to their liking is unacceptable

patprose womp womp.... an old taxi plate should not be a ticket to exploit slave labour.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Can’t Afford A House In A Red-Hot Market? Co-ownership May Be The AnswerCo-ownership could be a great way to get into the housing market, but it isn’t for everyone How about lower Taxes for middle class The only way we ever bought a house in my generation was to start small and do only one thing save for the house we had our children but we lived very meagerly. Your generation wants everything now and that can’t work sure, pack 5 families into a 3 bedroom house and rotate sleeping shifts! LOL!
Source: HuffPostCanada - 🏆 61. / 53 Read more »