Uber to pay $272m compensation in settlement with Australian taxi drivers

Rideshare company agrees to settle long-running class-action lawsuit, finally giving cab and hire-car drivers the compensation they deserve, lawyers say

• Follow our Australia news live blog for latest updates
• Get our morning and afternoon news emails, free app or daily news podcast

Uber will cough up almost $272m to compensate taxi and hire--car drivers who lost out when the rideshare company “aggressively” moved into the Australian market.

A class action against Uber was expected to go to trial in the supreme court of Victoria on Monday but judge Lisa Nichols vacated it after the rideshare giant agreed to the $271.8m settlement.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup