Uber agrees to pay $271m to Australian taxi drivers in a class-action settlement over market entry impact.

Uber agrees to pay $271m to Australian taxi drivers in a class-action settlement, the fifth-largest in Australian legal history. The case, involving over 8,000 taxi and hire car drivers, alleges that Uber's aggressive market entry led to decreased income and licence values for the drivers. The settlement comes after five years of legal battles, with Uber initially fighting the claims at every turn.