Ride-sharing company Uber has agreed to pay $271.8 million to Australian taxi operators in a class action settlement on the eve of trial.
The settlement was announced by Maurice Blackburn, which brought the case in 2019 seeking compensation for taxi and hire car drivers, operators and licences holders for losses resulting from the entry of Uber into the market in 2012.
The trial was due to begin in the Supreme Court of Victoria this morning.
Maurice Blackburn principal Michael Donelly said Uber had “fought tooth and nail at every point along the way” in the class action, which had more than 8000 members.
“But on the courtroom steps and after years of refusing to do the right thing by those we say they harmed, Uber has blinked, and thousands of everyday Australians joined together to stare down a global giant,” he said.
The firm said the settlement was the fifth largest in the country’s history.
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