Civil Litigation,
Government,
Administrative/Regulatory
Mar. 30, 2018
Credit firm sues San Francisco agency, says it let taxi industry die
A credit firm that loaned drivers money to buy taxi medallions is suing a San Francisco city agency for $28 million, saying it let the taxi industry collapse and walked away from promises to protect them from the collateral damage of allowing independent drivers to operate.
A credit firm that loaned drivers money to buy taxi medallions is suing a San Francisco city agency for $28 million, saying it let the taxi industry collapse and walked away from promises to protect them from the collateral damage of allowing independent drivers to operate.
The San Francisco Credit Union claims that the San Francisco Municipal Transportation Agency, or SFMTA, reneged on multiple stipulations created to act as a saf...
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