Uber wins dismissal of black cab drivers' UK lawsuit

Uber won a High Court ruling dismissing £340M claims by 13,300 London black cab drivers and Justin Peters. The court ruled the claims were time-barred, as the drivers could have discovered the alleged fraud earlier. The case involved Uber's entry into London's private hire market and alleged misconduct. Uber denied all allegations, and the ruling did not address the merits of the case.

Uber avoided a £340M lawsuit from 13,000 London cab drivers and former private hire companies Kabbee and Iride after a judge ruled the claims were filed too late. The lawsuit alleged Uber misled Transport for London to secure its operating license, seeking £200M in lost earnings and £140M from the companies. The judge dismissed the case without deciding on the merits, as the claims were filed beyond the six-year limit. Uber denies the allegations.

A UK court dismissed a £340M lawsuit against Uber (UBER) by London taxi drivers and companies, ruling it was filed too late. Uber's stock is deemed undervalued with a GF Value of $100.57 vs. $69.97 current price, and insiders have been net buyers. The company has a GF Score of 83/100, indicating strong growth and valuation metrics.

A UK judge dismissed a lawsuit against Uber (UBER) by black cab drivers and two taxi companies, ruling it was filed too late. The case sought £340M ($453.3M) in damages.

Uber won dismissal of £340m lawsuits by London black cab drivers and private hire companies. The case alleged Uber provided misleading information to regulators, but Uber denied claims, citing the statute of limitations. The High Court ruled in Uber's favor, though the ruling details are not yet public.

Uber won dismissal of two lawsuits valued at $453 million, filed by London black cab drivers and private hire companies. The suits claimed Uber provided misleading information for its license. Uber denied claims and cited a six-year limit. The ruling's impact on Uber stock (UBER:NYSE) is uncertain, as the company reports steady growth and plans share buybacks. Gross bookings grew 22% to $58 billion, and non-GAAP EPS rose 35%.