Legal Technology News

Uber Making More Strides Forward Compared to the Blows Backwards
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

 

Uber

Summary: It may appear that Uber is facing one roadblock after another from drivers and riders, but the company is still greatly successful and receiving million dollar investments.

  
What
Where


On the positive side, ride-hailing company Uber picked up a $200 million investment but then had to turn around and offer to settle a class action lawsuit for $28.5 million. LetterOne, based out of Luzembourg, is putting in $200 million to help the transportation and logistics technology company break into new markets.

Why Is Uber Sued So Much?

The fund, headed by Russian billionaire Mikhail Fridman, was willing to take part in the strategic investment with Uber to capitalize on markets that have not yet been touched as well as those markets with fierce competition. Places such as China with Didi Kuaidi and India with Ola already have established ride-hailing companies so Uber will have to take greater effort to make a difference.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Former Taco Bell Exec Sues Uber Driver He Allegedly Attacked for $5M

Uber CEO Travis Kalanick said, “Every day millions of people rely on Uber to get from A to B. Hundreds of thousands of drivers use our app to make money. Our goal is simple; reliable and affordable transportation everywhere, for everyone, at the push of a button. L1’s knowledge of emerging markets will be crucial in helping us make cities more accessible, opening up more possibilities for riders and more opportunities for drivers.”



Uber Hit With Racketeering Lawsuit in Michigan

While Uber is working on expanding their personal brand, they are caught dealing with lawsuits left and right. They were hit with two lawsuits by customers claiming to be misled about the companies safety procedures and fees. In order to settle the lawsuit, Uber would like to pay around 25 million people that rode through their software between January 1, 2013 and January 31, 2016. A judge must still approve this effort.

Uber Drivers Get a Break in Seattle

Uber is attempting to settle because they charged riders a $2.30 fee per trip to conduct background checks on drivers but didn’t actually follow through with the fingerprint checks that are required of other taxi drivers. The company does provide other safety features such as tracking trips through GPS as well as sharing abilities of the driver’s photo identification and license plate number.

Source: http://techcrunch.com/2016/02/12/uber-picks-up-another-200m-from-letterone-to-push-into-emerging-markets/

And

http://www.dailynews.com/general-news/20160212/uber-offers-to-settle-class-action-lawsuit-over-safety-advertising-with-285-million

Photo: fortune.com



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Investment Funds Attorney

USA-NY-New York City

New York City office of our client is seeking a mid-level attorney with hedge fund, private equity, ...

Apply Now

Intellectual property litigation attorney

USA-CA-San Francisco

San Francisco AmLaw office is seeking an intellectual property litigation attorney with 2-5 years of...

Apply Now

Mid- to Senior level Mergers and Acquisitions Associate Attorney

USA-NY-New York City

New York City AmLaw office is seeking a M&A attorney with 3-6 years of experience. Candidate should ...

Apply Now

RELEVANT JOBS

IN HOUSE COUNSEL

USA-FL-Palm Beach

Responsibilities: The candidate must have a Juris Doctorate Degree, with current license in the...

Apply now

IN HOUSE COUNSEL

USA-FL-Saint Lucie

Responsibilities: The candidate must have a Juris Doctorate Degree, with current license in the...

Apply now

IN HOUSE COUNSEL

USA-FL-Saint Lucie

Responsibilities: The candidate must have a Juris Doctorate Degree, with current license in the...

Apply now

Paralegal

USA-AZ-Tempe

Highly-ranked boutique civil litigation firm has an opportunity for an experienced, and confident pa...

Apply now

SEARCH IN ARCHIVE

To Top