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Uber Is Being Sued For Over $300 Million

Thousands of taxi drivers in London are suing Uber for £250 million ($313 million), numerous media outlets reported.

The lawsuit alleges Uber improperly got its license to operate in the British capital, and that it intended to unlawfully gain market share — taking business away from the existing black cabs, which have become an icon of the city.

“Uber knew this at all material times; and that in order to obtain its licence Uber deliberately misled Transport for London as to how that operating system worked,” said RGL Management, the legal firm representing the drivers, per Bloomberg.

An Uber spokesperson told Bloomberg the claims are “completely unfounded.”

Read full story at Business Insider.

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