The City of Chicago announced that Uber has agreed to a settlement stemming from the City’s investigation into UberEats’ and Postmates’ practices of listing Chicago restaurants on their platforms without the restaurants’ consent, being in violation of the City’s emergency fee cap ordinance, and other advertising-related conduct. The City acknowledges Uber’s cooperation in bringing this investigation to closure. Under the settlement terms: In September 2021, in response to the City’s discovery of unlawful conduct, Uber repaid $3.33M to Chicago restaurants that had been charged commissions exceeding 15%, in violation of the City’s emergency fee cap ordinance; Uber will pay an additional $2.25M to Chicago restaurants that were charged commissions in excess of the limits set by the City’s emergency fee cap; After reaching out to Uber in 2021, the company removed all remaining Chicago restaurants that had been listed on Uber’s platforms without consent and agreed not to list Chicago restaurants without consent in the future; Uber will pay $500,000 to Chicago restaurants that Uber listed on its meal delivery platforms without consent and that do not currently contract with Uber; Uber will provide $2.5M in commission waivers to Chicago restaurants that were listed on Uber’s platforms without consent and that do not currently contract with Uber; Uber will pay $1.5M to the City to cover the costs and fees of its investigation. Reference Link
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on UBER:
- Uber (NYSE:UBER) Settles Pandemic Dispute With Million-Dollar Penalty
- Uber Freight, Aurora Innovation announce expansion of autonomous pilot
- DoorDash downgraded to Sector Perform from Outperform at RBC Capital
- Uber management to meet with UBS
- Looking for Bargains? These 3 Pummeled Stocks are “Strong Buys”