Drivers Sue Over Sky-High NYC Taxi License Costs
(Image by Free-Photos from Pixabay via Courthouse News) BROOKLYN (CN) — Taxi cab drivers are seeking more than $2.5 billion from the New York City Taxi & Limousine Commission, saying they paid artificially inflated prices for their taxi medallions, collectively losing hundreds of millions as a result. The class action RICO suit, filed Tuesday in the Eastern District of New York, accuses the TLC of running a 13-year scheme to defraud those who bought medallions, which are the metal plates required for taxi drivers to work legitimately. New York City made $855 million from auctioning off ...
Source: courthousenews.com