Saturday, December 27, 2014

In the Fighting City, Cab Companies call Uber a Racketeer



Dozens of Philadelphia taxi companies are suing Uber under the RICO statute, labeling the venture capital backed service a racketeering enterprise. 

The complaint says that Uber circumventions state and city regulations and that it has caused the traditional taxi business and medallion prices to plummet. The plaintiffs also want an injunction that would bar Uber from operating in the region.

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