£14.7m legal fund secured for black taxi legal crusade against Uber with mid-May deadline set
Updated: Mar 3
In a major development for the London black taxi industry RGL Management has successfully secured a colossal £14.7 million in litigation funding for its legal battle against global ride-hailing giants, Uber.
The strategic financial move is aimed squarely at supporting the legal claims of thousands of cab drivers, which could total over £250 million in claims for loss of earnings if successful.
Each individual taxi driver claim could be worth up to £25,000 before fees are taken. Fees are set at 27.5% which would mean cabbies receiving an estimated £18,000 windfall.
Over recent months, the BULit21 campaign lead by RGL Management has been working to finalise the necessary financial arrangements capable of supporting a legal battle on this scale.
According to sources, complications arose following a pivotal Supreme Court decision last year, which necessitated a review and subsequent restructuring of litigation funding mechanisms. Despite these hurdles, RGL Management has successfully navigated these, announcing today that the requisite funding and insurance protections are now firmly in place.
At the heart of this legal action is the prestigious law firm, Mishcon de Reya, now tasked with marshalling the necessary legal work to bring the first batch of claims to the High Court. This initial group, anticipated to be a number in excess of 10,000 London taxi drivers, represents a significant portion of the aggrieved parties, whose grievances stem from their working years between 2012 and 2018 in London’s taxi sector.
The imminent issuance of a Claim Form in the High Court, expected to unfold within weeks, marks a pivotal moment in this legal saga.
RGL Management continues to extend an invitation to potential claimants to join. That includes any licensed London taxi driver that worked between the period of June 2012 to March 2018. The registration policy is likely to close mid-May 2024.
