Wednesday, November 26, 2014

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Restraining Order Lifted on Ride-Share Service Lyft

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TWC News: Restraining Order Lifted on Ride-Share Service Lyft
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Lyft has gotten the green light from the Taxi and Limousine Commission to launch their ride-sharing service in the city—at 7 p.m. Friday.

The startup will launch in all five boroughs, using a business model sanctioned by the TLC.

The company planned on starting services in Brooklyn and Queens two weeks ago, but were slapped with a temporary restraining order.

State officials sued, saying Lyft's ride-share service didn't comply with licensing and safety requirements.

Under this new deal, Lyft service in the city will use only commercial drivers.

The State Attorney General's Office and Department of Financial Services say they're pleased with the deal, also saying, "We are firmly committed to the notion that regulators can work constructively with companies so that new ideas can come to the market."

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