Chicago Cab companies sue city over rules for ride-sharing companies

The Chicago Sun-Times reports:

Yellow Cab and several other big taxi companies are suing the city, calling Mayor Rahm Emanuel’s proposed ordinance regulating ride-sharing companies discriminatory and helping to create an “exclusionary, elitist taxi system.”

“It is discriminating against taxi owners who have played by the rules, paid their taxes and complied with safety and licensing requirements, while the city at the same time is allowing unregulated companies (that) provide identical service to make up their own rules,” said Michael Shakman, an attorney for the cab companies and independent cab operators, in announcing the federal lawsuit Thursday.

The cab cartel faces competition and doesn't like it.