Uber Class Action Settlement, Eligibility, Amount and Payout Details!

Australian taxi drivers and operators sued Uber, claiming they lost money as a result of the ride-hailing company’s entry into the nation. Uber has now agreed to pay A$271.8 million to resolve the dispute. On behalf of almost 8,000 taxi and hire car owners and drivers, a class action lawsuit was filed in 2019.

Uber Class Action Settlement 

Uber has recently agreed to a class action settlement in Australia, marking a notable development for the rideshare industry. 

This settlement comes after Uber was described as entering the Australian market “illegally, like pirates,” and it will see the company compensating thousands of taxi drivers and operators with millions in payments. 

The lawsuit, which was initiated in 2019 by Maurice Blackburn Lawyers, represented over 8,000 taxi and hire car owners and drivers who claimed financial losses due to Uber’s market entry. 

According to the attorneys handling the case, it was one of the most successful class actions against Uber and the fifth-largest class action settlement in Australian history.

The settlement amount, which is one of the largest in Australian history, totals $271.8 million. It aims to address the income and license value losses suffered by the taxi and hire car industry when Uber began operating without adhering to the existing regulations. 

Who is eligible for the Uber Class Action Settlement Amount? 

Eligibility for the Uber Class Action Settlement in Australia is likely to include taxi and hire car drivers, operators, and license holders who suffered financial losses due to Uber’s entry into the Australian market. 

The class action was initiated on behalf of more than 8,000 individuals who claimed that Uber’s operations negatively impacted their income and the value of their licenses. 

To be eligible for compensation, individuals would have had to register their interest by a specified deadline as part of the legal proceedings. For the most accurate and detailed eligibility criteria, affected parties should refer to the official settlement notice or contact the law firm handling the case.

How much Uber Class Action Settlement will provide Per Person?

The Uber Class Action Settlement in Australia agreed to pay a total of A$271.8 million to settle the lawsuit. The exact amount each individual will receive is not specified in the available information. 

However, with over 8,000 taxi and hire car owners and drivers part of the class action, the payout per person would depend on the number of claimants and the individual losses claimed.

The settlement is considered one of the largest in Australian history and reflects compensation for income and license value losses suffered by the taxi and hire car industry due to Uber’s market entry. 

How long does it take to receive an Uber class action settlement payout? 

The final hearing for the Uber Class Action Settlement in Australia is scheduled to commenced on March 18, 2024, at 10:30 am in the Supreme Court of Victoria. This hearing concluded the legal proceedings that began in 2019, and settlement agreement has been made by the court. 

The time it takes to receive a class action settlement payout can vary widely. Generally, after a settlement agreement is submitted to the court for preliminary approval, assuming there are no further appeals, class members might receive payment within about six to nine months. 

However, the entire process can span from several months to a few years, depending on factors such as the complexity of the case, the number of plaintiffs, and the legal procedures involved. 

After the class action has been settled, approved claims will result in the distribution of the settlement funds to the eligible claimants. The class action will officially close once all payments have been made. 

It’s important for claimants to stay informed through the official settlement notice or contact the law firm handling the case for the most accurate timeline.

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