A PYMNTS Company

US: Lyft, Juno sue New York regulators

By  |  February 3, 2019

New York City’s transportation regulators have been hit with a pair of lawsuits arguing that its new minimum pay standard for rideshare drivers is both irrational and anti-competitive.

On Wednesday, rideshare companies Lyft and Juno filed separate complaints against the Taxi and Limousine Commission (TLC), which is responsible for regulating for-hire car services in the city. In December, the Commission adopted a first-of-its-kind regulation that attempts to secure an after-expenses US$17.22 minimum hourly pay rate for drivers.

The new rule requires rideshare companies to pay their drivers using a complicated per-trip formula that takes into account both the time and distance of the trip, as well as a company’s utilization rate.

Full Content: Business Insider

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.