In a decision unveiled on September 9, Quuens Supreme Court Justice Allan Weiss ruled that for-hire vehicles could use electronic hails to compete with yellow cabs handing a defeat to the four taxi medallion lending credit unions that brought the lawsuit.
The four credit union plaintiffs had sought an injunction against Uber arguing that they will suffer irreparable harm.
However, the judge did not grant plaintiff's request for an injunction and dismissed the case.
In his opinion, the judge wrote that increased competition from Uber type companies is insufficient to show a violation of the City Charter.
The judge wrote: "[A]ny expectation that the medallion would function as a shield against the rapid technological advances of the modern world would not have been reasonable. In this day and age, even with public utilities, investors must always be wary of new forms of competition arising from technological developments."
The four credit union plaintiffs are expected to appeal the judge's decision.
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The judge's logic seemed sound to me. It made me wonder if they really have grounds to appeal successfully or if they are just throwing money away.
ReplyDeleteThe judge’s reason behind the decision seems to be a very weak argument and kind of misses the points made in the lawsuit.
DeleteHey, Your Honor what about
N.Y.C. Admin. Code § 19-504 (a)(1)
"No motor vehicle other than a duly licensed taxicab shall be permitted to accept hails from passengers in the street." ,
Really?
DeleteHe also said, correctly, that an app is not a hail..and it isn't. It's like calling for a car.
The consumer has spoken, the market still lives.
Give me value, cleanliness and ample supply and not entitled surly drivers who are not there on rainy days.
They don't deserve any more protection than buggy whips did from Henry Ford, or Ford from Tesla.
You over concentrated on medallion loans?