Updated: Dec 24, 2021
A Group Legal Action being brought by London cabbies against ride-hailing firm Uber has now concluded discussions on funding and ATE insurance, which will cover ALL legal costs of nearly 11,000 taxi drivers should they win or lose.
Approximately 11,000 London black cab drivers have signed up to join the action, which is seeking to recover losses incurred as a result of Uber’s operations between June 2012 and March 2018.
RGL, the firm leading the action against the ride-hailing app, announced that a funder will pay for the legal costs of the Court action. The ATE insurance (and additional security) will protect drivers from having to pay Uber’s legal costs if the claims are not successful.
RGL also reported that the funder’s profit share has been reduced from 30% to 27.5%. This increases each of the 11,000 drivers’ share of any ultimate outcome.
An RGL Management Limited spokesperson said: “It continues to be very important that as many cabbies as possible are encouraged to register with BULit21. BULit21 Membership continues to grow every day, increasing the level of threat posed against Uber.
“There is still time to join, so if you know anyone who was driving a black cab between 2012 and 2018 and who has not registered, please let them know about BULit21, even if they are now retired or no longer driving.”