Uber Settles Lawsuit With Australian Taxi Drivers for $178 Million

KEY TAKEAWAYSUber Technologies reportedly will pay $272 million Australian dollars ($178 million) to settle a class-action lawsuit brought by thousands of Australian taxi drivers.The Australian lawsuit, filed in 2019, was on behalf of more than 8,000 taxi and hire-car owners and drivers who alleged they lost income when Uber entered the market.Uber declined to comment on specifics of the settlement until the agreement is finalized. Uber Technologies Inc. (UBER) reportedly will pay $272 million Australian do ...