Recent News About Yellow Cab Affiliation
A Chicago federal judge has cut several defendants from a suit filed by a federal bankruptcy trustee, which alleged the company that succeeded Yellow Cab drove Yellow Cab into the ground to avoid paying creditors. The judge, however, refused to sanction the trustee’s attorneys for allegedly making false claims, saying it’s too early in proceedings to address that allegation.
The attorney for the Chicago taxi company that succeeded Yellow Cab is accusing a federal bankruptcy trustee of falsely claiming company officials set up the company as a “sham vehicle to suck cash” from Yellow Cab and so keep the money from the plaintiff in a potentially expensive lawsuit against Yellow Cab.
A Chicago federal bankruptcy judge has been asked to sign off on a $22 million settlement, intended to lay to rest claims against a now bankrupt taxi company, brought by a Chicago lawyer who was left with brain damage and other injuries after the taxi in which he was riding crashed into a concrete median in 2005.