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San Fransisco taxi company bankrupt following Uber-style litigation and costs

26 January 2016

 

San Francisco’s largest traditional taxi company has filed for Chapter 11 bankruptcy protection, court records show. According to the papers, Yellow Cab Co-Op owes over $20 million in disputed claims under civil litigation, related arbitration and mediation, and other debts. The company's troubles come as the taxi industry as a whole has simultaneously been squeezed by startup newcomers such as Uber, Lyft, and the recently defunct Sidecar. Those companies are...

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