06:17 AM EDT, 10/19/2026 (MT Newswires) -- A UK court dismissed two lawsuits worth 340 million pounds sterling against Uber Technologies (UT8.F) over its London private hire vehicle operating license, Reuters reported Monday, citing a company statement. Thousands of black cab drivers and two former private hire companies sued Uber in 2024, alleging it provided misleading information to the UK government body, Transport for London, to obtain the operating license. The US ride-hailing giant denied the claims, arguing the lawsuits were filed well past the six-year limitation period. Uber did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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