DoorDash (DASH), Uber (UBER), and Just Eat Takeaway’s (JTKWY) Grubhub have agreed to settle a 2021 lawsuit against New York City over its pandemic-era 15% cap to commissions and fees charged to restaurants, Bloomberg’s Malathi Nayak reports. The companies will drop their challenge to the cap once the city makes adjustments to the law and submits final terms to Manhattan federal court by December 31, according to the report, which adds that the settlement allows for a revised fee structure, with the companies able to re-open the lawsuit if the new fees are below certain thresholds.
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