© Reuters. The Uber logo is shown on the building in Los Angeles, California, U.S., February 14, 2024. REUTERS/Mike Blake
SYDNEY (Reuters) – Uber (NYSE:) has agreed to pay A$271.8 million ($178.3 million) to settle a lawsuit in Australia brought by taxi operators and drivers, who alleged they lost income when the ride-hailing company moved into the country, a law firm said on Monday.
Maurice Blackburn Lawyers filed the class action in 2019 in the Supreme Court of Victoria state on behalf more than 8,000 taxi and hire car owners and drivers, which the law firm said “Uber fought tooth and nail at every point along the way.”
“Since 2018, Uber has made significant contributions into various state-level taxi compensation schemes, and with today’s proposed settlement, we put these legacy issues firmly in our past,” an Uber spokesperson said in an emailed response.
Uber did not disclose the proposed settlement in its response.
“What our group members asked for was not another set of excuses – but an outcome,” Maurice Blackburn said.
($1 = 1.5246 Australian dollars)
This story originally appeared on Investing
