Ride-sharing company Lyft, which entered the San Francisco Bay Area bike-share market last year has reportedly filed a lawsuit to block the city from granting bike share permits to other companies.
According to Cnet, the lawsuit is asking for a temporary restraining order against the city and county of San Francisco, prohibiting the city from issuing permits to other companies which would jeopardise its exclusive rights to operate a bike-share program in the area.
The company spokesperson said that the city must honour its 10-year contract with the San Franciso Municipal Transportation Agency under which it has exclusivity in providing bike-sharing services in the area.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app