In New Lawsuit, Quinn Emanuel Client Sidecar Calls Uber a 'Monopolist'
The successor to defunct ridesharing company Sidecar claims Uber lowered prices to eliminate competition from the market.
December 11, 2018 at 06:46 PM
3 minute read
The original version of this story was published on The Recorder
The successor company to defunct ride-hailing app Sidecar sued Uber Technologies Inc. on Tuesday alleging Uber used unfair tactics to drive competition off the road and is “now a monopolist.”
The suit filed by SC Innovations Inc. in the U.S. District Court for the Northern District of California claims Uber stole Sidecar's business model and “intentionally sustained near-term losses that were designed to drive Sidecar out of the market while Uber acquired a dominant market position.”
In a statement, Uber denied the allegations and said Sidecar's suit “got it backwards” when it called the company's low prices anticompetitive.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250