A $810 million lawsuit looms over NYC. The state’s attorney general claims the city inflated taxi license prices by 240% for more than a decade and defrauded drivers.

A $810 million lawsuit looms over NYC. The state’s attorney general claims the city inflated taxi license prices by 240% for more than a decade and defrauded drivers.

Business·2020-02-22 02:55

caption

A taxi medallion

source

Lucas Jackson/Reuters

New York’s Attorney General, Letitia James, intends to sue the City of New York for $810 million claiming the city defrauded taxi drivers for more than a decade.

……

Read full article on Business

America