Overview

• Uber to pay $178 million in compensation to over 8,000 Australian taxi and hire car drivers after a class-action lawsuit.
• The lawsuit was filed in 2019, alleging income and license value losses due to Uber's market entry in 2012.
• Uber's settlement marks the fifth-largest class-action settlement in Australian legal history.
• Uber faced accusations of operating illegally with unlicensed cars and unaccredited drivers in its early years in Australia.
• The settlement aims to resolve legacy issues, with Uber now regulated across all Australian states and territories.