NYC Taxi Owners Denied Damages Over Axed Lease Rate Cap

Law360, New York (March 18, 2014, 3:21 PM EDT) -- New York City taxi owners who lease their cabs to drivers can't take damages from the city over a now-dead rule that capped those lease rates, a midlevel state appellate court ruled Tuesday, backing up a trial court's 2013 move to throw out a $16 million damages claim.

The unanimous ruling in Manhattan's First Department backed up Manhattan trial Judge Michael D. Stallman who found that awarding cab owners money would subject the city to civil liability for every law or regulation later deemed unlawful.

"The motion court...
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