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Style Management Corp. to pay $750,000 in restitution to taxi drivers

By Mark Iandolo | Mar 30, 2016

NEW YORK (Legal Newsline) — Style Management Corp. (Style) and its owner Andrew Rosenberg will pay $750,000 in restitution to drivers allegedly illegally charged by the company, New York Attorney General Eric T. Schneiderman has announced in conjunction with Limousine Commission (TLC) Commissioner Meera Joshi.

Taxi drivers in New York often lease cabs on a daily basis from owners and leasing agents. The TLC created cap rules on how much drivers can be charged for this, in an effort to develop baseline take-home pay for drivers. Style allegedly violated these regulations.

"Taxi drivers work hard every day to keep New York moving and their earnings should not be squeezed by taxi companies which own or manage medallions," Schneiderman said. "My office will continue to protect the income of New York’s working people, including taxi drivers. Alongside Commissioner Joshi, we will be vigilant in enforcing the rules."

In addition to the $750 restitution payments, Style also will provide $47,500 in penalties and fines. It must also takes steps to ensure it complies with regulations in the future.

“We are grateful for Attorney General Schneiderman’s ongoing commitment to protecting the rights of hardworking taxi drivers, as well as to the accountability that must be at the heart of our regulated industries,” Joshi said. “The attorney general/TLC joint prosecution initiative continues to send a powerful message of support to TLC drivers, and an equally strong warning to those who would contemplate depriving them of their hard-earned pay.”

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