Quantcast

LEGAL NEWSLINE

Wednesday, April 24, 2024

New York bus operators settle monopoly lawsuit

Attorny general eric t schneiderman

New York Attorney General Eric Schneiderman | New York Attorney General

New York Attorney General Eric Schneiderman recently reached a $7.5 million settlement with two New York City bus operators for allegedly creating an illegal monopoly.

Coach USA, CitySights LLC and their joint venture Twin America were sued after allegedly creating a loss in competition in the city's hop-on, hop-off bus tour market. The settlement with the attorney general's office includes requiring the operators to surrender approximately 50 bus stops around Manhattan controlled by CitySights, including locations in Times Square and near the Empire State Building.

The operators will also pay $7.5 million in profits they obtained while operating the alleged monopoly between 2009 and 2015.   

Schneiderman's office filed the lawsuit in 2012 alleging when Twin America was created it violated antitrust laws, which caused higher prices for the hop-on, hop-off bus tours in New York City.

“By eliminating the competition between them, the largest operators of New York City’s iconic double-decker tour buses were able to raise prices and deprive city visitors of the benefits of a free and fair market,” Schneiderman said. “This settlement allows competition to thrive once again, and ensures that these companies did not profit from operating an unlawful and anticompetitive joint venture. I thank the Justice Department’s Antitrust Division for partnering with my office to achieve this resolution for consumers in New York.”

ORGANIZATIONS IN THIS STORY

More News