Labor/Employment,
Antitrust & Trade Reg.
Apr. 27, 2020
US magistrate judge indicates Uber must face antitrust suit
Despite Lyft’s presence in the market, U.S. Magistrate Judge Joseph Spero found Friday Uber has enough drivers and riders to potentially charge monopoly prices without surrendering its substantial market share and indicated the company’s defense the market is actually an oligopoly is not enough to dismiss the claims.
SAN FRANCISCO -- Uber will likely not be able to avoid an antitrust lawsuit alleging it enjoys the power to dramatically raise prices for riders in the absence of competitors able to respond by undercutting the ride-hailing giant, a U.S. magistrate in San Francisco signaled Friday.
Despite Lyft's presence in the market, U.S. Magistrate Judge Joseph Spero found Uber h...
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