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taxi medallions
Judge tosses taxi-medallion owners' case to the curb
Two taxi-medallion owners can’t sue a city regulatory commission for failing to keep the yellow-cab industry profitable in the face of competition from Uber and Lyft, a Manhattan Supreme Court...
Councilman proposes 2-for-1 medallion deal to save taxi industry
Hoping to prop up the struggling yellow-cab industry, a Manhattan lawmaker is proposing a tested sales technique: two vehicles for the price of one medallion. City Councilman Ydanis Rodriguez, chair...
Investors see opportunity as taxi medallion prices 'bottom out'
Hurry up and buy New York City taxi medallions while they are still dirt-cheap, because a turnaround is likely coming. That’s the contention of some industry observers and investors, who...
At least Uber doesn't pick and choose passengers like taxis
Dear John: You recently wrote an interesting piece on the taxi industry. On one hand, I feel bad for people in the industry because the value of taxi medallions has...
Don't punish New Yorkers to try to save yellow cabs
New York City’s yellow-cab industry, its business undercut by e-hail services like Uber and Lyft, has been demanding a government bailout for some time. Thanks to the City Council, it...
Taxi King now without 800 medallions — and a law license
Former “Taxi King” Gene Freidman has lost hundreds of medallions, his gorgeous younger wife — and now his law license. A Manhattan appeals panel suspended the hack honcho from the...
Taxi King no longer allowed to manage hundreds of medallions
"Taxi king" Gene Freidman is now the court jester of the cab industry. Freidman will no longer be allowed to manage the more than 800 medallions he's controlled for the...
Taxi medallions reach lowest value of 21st century
A New York City taxi medallion sold for $241,000 last week — less than one-fifth of what the cab-ownership tags were going for just four years ago. The sale, which...
Blackmail in yellow: Taxi industry's threat on disabled access
They’re calling it a “prediction,” but it’s hard to interpret what the yellow-cab industry just told City Hall as anything but a threat — if not outright blackmail. David Beier,...
'Don't f--k with me': Taxi King accused of threatening business partner
Trouble-plagued city “Taxi King” Gene Freidman is facing harassment charges for allegedly telling a former business partner “Don’t f--k with me!” cops said Wednesday. Freidman — who has been in...
De Blasio isn't interested in helping out yellow cabs
Mayor de Blasio said Friday he won’t bail out the yellow-cab industry — even as the value of city-issued taxi medallions is plummeting because of competition from Uber and other...
'Taxi King' must cough up 46 cabs, medallions to pay off debts
Embattled city “Taxi King” Gene Freidman must hand over 46 of his taxis — and the ultra-lucrative medallions that go with them — to pay off creditors, a judge has ruled....
Controversial 'Taxi King' evicted from longtime headquarters
Embattled taxi king Gene Freidman is losing at every turn. City marshals forcibly removed the controversial taxi mogul from his longtime headquarters on W. 28th Street on the morning of...
Taxi medallion owners find their dreams dashed by Uber, Lyft
When Nino Hervias scraped together the down payment for a coveted yellow taxi medallion in 1991, he thought he had it all figured out. Sure the hours were grueling, the...
Taxi King can't be trusted to manage his own finances
“Taxi King” Gene Freidman is such a deadbeat medallion owner that he must now pay an independent monitor to watch over all of his business dealings, the state Attorney General’s...
Medallion owners say 'taxi king' ran dirty business
Yellow-cab medallion owners say embattled “taxi king” Gene Freidman got them into a jam by keeping thousands of 50-cent surcharges that should have been sent to the MTA. “I told...
Taxi King says estranged wife stole two pricey chandeliers from townhouse
The embattled “taxi king” of New York says his estranged wife swiped two Baccarat crystal chandeliers worth hundreds of thousands of dollars when she moved out of the couple’s $6.2...
CEO of credit union with delinquent taxi medallion loans says state won't let him consult with lawyer
The CEO of a credit union that caters to the taxi industry filed a lawsuit Tuesday accusing state regulators of preventing him from consulting his own lawyer after they took...
Cabbies sue the city for forcing rides to be wheelchair-accessible
Already threatened by Uber and other app-based car-hailing alternatives, independent cabbies claim they are being unfairly forced to convert to wheelchair-accessible rides by new city rules, according to a Brooklyn...
State takes over credit union after taxi medallions tank
New York state on Friday took over a failing credit union that put nearly all of its money into loans for yellow-taxi medallions as Uber and similar services continue to...