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Uber Ceo Must Face Price-Fixing Lawsuit By Passengers: U.s. Judge


Ron Burgundy
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File photo of Uber CEO Kalanick speaking to students during an interaction at IIT campus in MumbaiBy Jonathan Stempel NEW YORK (Reuters) - Travis Kalanick, chief executive officer of Uber Technologies Inc, failed on Thursday to win the dismissal of an antitrust lawsuit accusing him of scheming to drive up prices for passengers who use the popular ride-sharing service. U.S. District Judge Jed Rakoff in Manhattan said Kalanick must face claims he conspired with drivers to ensure they charge prices set by an algorithm in the Uber smartphone app to hail rides, including "surge pricing" during periods of peak demand. Passengers led by Spencer Meyer of Connecticut claimed that drivers conspired with Kalanick to charge fares set by the algorithm, with an understanding that other Uber drivers would do the same, even if they might fare better acting on their own.




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