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Uber (NYSE:UBER) has agreed to pay A$271.8M ($178.4M) to settle a lawsuit filed by Australian drivers and taxi operators, who claimed they lost money after the ride-hailing giant’s entry into the market in 2012.
The class action lawsuit was launched in 2019 by Maurice Blackburn Lawyers, representing over 8,000 taxi and rental car owners and drivers.
“After years of refusing to do the right thing by those we say they harmed, Uber (UBER) has blinked, and thousands of everyday Australians joined together to stare down a global giant,” the law firm’s pincipal lawyer Michael Donelly said.
Uber (UBER) said ride-sharing laws were nonexistent when the firm was founded 10 years ago. “Since 2018, Uber has made significant contributions into various state-level taxi compensation schemes, and with the proposed settlement (in Australia), we put these legacy issues firmly in our past.”
The settlement is the fifth-largest class action settlement in Australia, according to Maurice Blackburn Lawyers.
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