I was wondering why it took them so long, but San Francisco’s cabbies are now shouting out against Uber, the upstart private taxi service, by claiming it’s engaging in “unfair competition”. TNW is reporting on a class-action complaint filed by SF cabbies claiming Uber is practicing “unfair business competition and for violating California Statutory and city regulatory mandates.” Uber, which is facing similar lawsuits wherever it rolls out service (esp. in New York and Chicago), responded with this statement, “Uber complies with all laws and regulations applicable to its business. Any claim to the contrary is baseless and motivated by those who seek to deprive the public of this safe and convenient transportation option. Uber would rather compete for business on the streets of San Francisco than in the courtroom, but Uber will defend these claims in court and is confident of the outcome.”
Uber is not having a hard time capturing funding, with over $50 million so far coming its way from Tech’s most prominent VCs. We’ll see how this plays out in the courts. Looks like Uber will need to stash some of that venture cash for lawyering up — fighting cabbies won’t be pretty.