Ontario judge rejects $1.7-billion class-action by taxi drivers to sue Toronto over losses suffered after Uber entered city
“There is no obligation to protect the economic interests of those granted taxi licences,” Justice Perell wrote. “Legislative activities inevitably affect individual citizens; for some the affect is positive, and for others the affect is negative.”By denying certification, his decision means the case cannot proceed as a class action.
The plates, which are issued by the city and can be bought and sold on a secondary market, permit the owner to operate a taxi or to have someone do so on their behalf. City-enforced limits on the number of plates had long helped push up their market value, which at one point hit a high of around $380,000.
Justice Perell’s ruling comes after years of turmoil in the taxi industry, which has been hit hard by the emergence of Uber and other ride-hailing companies. The industry, in many cities accustomed to operating in a protected market, has seen major losses. A number of cases of driver suicide, particularly in New York, have been attributed to financial problems.Around the world, cities have struggled to manage these new transportation providers.
In Toronto, which failed in its attempt to get an injunction to stop Uber and eventually rewrote its regulations to allow ride-hailing, there has been no serious talk at city hall about compensation.
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