November 14, 2024
New York City and its transportation officials have escaped a racketeering suit filed by New York cabdrivers that accused them of artificially pumping the value of taxi licenses, a federal judge ruled, saying that drivers failed to show that awarding them money would prevent others from becoming victims of the same allegedly "fraudulent scheme."
March 15, 2024
A New York federal judge has agreed to rethink her decision throwing out New York City cab drivers' racketeering suit claiming the city artificially inflated the values of once highly coveted taxi licenses, admitting that she "committed clear error" in finding that certain claims were filed too late.
April 06, 2021
New York City artificially inflated the values of once highly coveted taxi licenses, known as medallions, and hung taxi drivers out to dry when fierce competition from ride-hailing apps obliterated their revenue stream, according to a $2.6 billion federal racketeering lawsuit filed Tuesday.