Uber is being sued for over $300 million by thousands of London’s iconic black cab drivers

• Uber is being sued by thousands of London cab drivers over claims it operated illegally.
• “Uber deliberately misled Transport for London,” London’s transport authority, a firm representing the drivers said.
• Uber has dismissed the claims made in the lawsuit as “completely unfounded.”

Thousands of taxi drivers in London are suing Uber for £250 million ($313 million), numerous media outlets reported.

The lawsuit alleges Uber improperly got its license to operate in the British capital, and that it intended to unlawfully gain market share — taking business away from the existing black cabs, which have become an icon of the city.

“Uber knew this at all material times; and that in order to obtain its licence Uber deliberately misled Transport for London as to how that operating system worked,” said RGL Management, the legal firm representing the drivers, per Bloomberg.