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Uber agrees to pay $178.4 million in compensation to Australian taxi drivers

( March 18, 2024, 04:26 GMT | Official Statement) -- MLex Summary: Uber has agreed to pay taxi drivers an A$271.8 million ($178.45 million) settlement, ending a long-running class-action over damages the taxi industry says it suffered when the US-based ride-sharing app was first introduced to Australia. In a statement today, Melbourne-based law firm Maurice Blackburn Lawyers said that Uber had fought the class action “tooth and nail at every point along the way … for the past five years” but eventually agreed to pay the compensation. The class action was launched in the Supreme Court of Victoria in 2019 on behalf of 8,000 taxi operators across several Australian states, who had argued that when Uber started to operate in 2012, it unfairly undercut taxi operators and contributed to the fall in the value of taxi licenses. The full statement from Maurice Blackburn Lawyers follows:...

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