By Hannah Albarazi (May 1, 2020, 5:44 PM EDT) -- A California federal judge denied the majority of Uber's bid to escape a defunct competitor's claims that the ride-hailing giant's predatory pricing and underhanded tactics drove it out of business, saying Friday that claims Uber's market power violates the Sherman Act can move forward.
U.S. Magistrate Judge Joseph C. Spero said SC Innovations Inc. — the successor to defunct ride-hailing startup Sidecar Technologies Inc. — has plausibly suggested a mechanism "by which Uber can leverage its dominant market share to raise both passenger fares and commissions withheld from drivers without a rival increasing output to restore competitive equilibrium."
Judge Spero denied...
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