Judge rules on taxi industry lawsuit: Compete with Uber or die http://www.crainsnewyork.com/articl...axi-industry-lawsuit-compete-with-uber-or-die “Any expectation that the medallion would function as a shield against the rapid technological advances of the modern world would not have been reasonable,” he wrote. “In this day and age, even with public utilities, investors must always be wary of new forms of competition arising from technological developments.” The plaintiffs, led by four Queens credit unions who lent heavily to medallion buyers, plan to appeal. ... Taxi and Limousine Commission Chairwoman Meera Joshi said, “This decision is a victory for the riding public, and leaves no question as to the appropriateness of our regulatory approach to app-dispatched services. Passengers will remain free to continue to enjoy the many transportation options available to them."