NYC Cab Owners Lose Bid For $16M Damages Tied To Fee Cap

Law360, New York (January 9, 2013, 2:20 PM EST) -- A Manhattan trial judge on Tuesday nixed a bid by New York City taxi cab fleet owners to collect nearly $16 million in damages from the city after owners successfully went to the state's highest court to fend off a city rule capping the rates they charge their drivers.

Plaintiffs including the Metropolitan Taxicab Board of Trade, which advocates for cab fleet owners, and Midtown Car Leasing Corp. said they were entitled to damages for a period of more than 2 1/2 years during which the...
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