Friday, 22 May 2020

Uber customer claims company won price-fixing suit because arbitrator was scared

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By Tina Bellon NEW YORK (Reuters) - An Uber customer on Friday asked a Manhattan federal judge to overturn an arbitration win for the company in a price-fixing case, arguing that the arbitrator only ruled in Uber's favor because he was scared. Spencer Meyer initiated the high-profile 2015 antitrust lawsuit alleging that Uber Technologies Inc engaged in an illegal conspiracy with its drivers to coordinate high "surge pricing" fares during periods of heavy demand by agreeing to charge prices set by an algorithm in the Uber ride-hailing app. Uber takes a cut from drivers' earnings, and ride-hailing trips in North America make up the bulk of the company's revenue

The post Uber customer claims company won price-fixing suit because arbitrator was scared appeared first on Firstpost.



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