Reuters: U.S.: NY's top court to hear challenge to Bloomberg taxi plan

Reuters: U.S. Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

NY's top court to hear challenge to Bloomberg taxi plan Dec 27th 2012, 23:42 Tweet Share this Email Print Related News Porsche wins dismissal of U.S. hedge fund lawsuit over VW 5:25pm EST Supreme Court takes up same-sex marriage for first time Fri, Dec 7 2012 Supreme Court to hear "pay-for-delay" drug case Fri, Dec 7 2012 High court leaves open if it will take up gay marriage case Fri, Nov 30 2012 Analysis & Opinion Should state AGs be allowed to use contingency fee lawyers? Canada's Supreme Court rejects blanket rule on wearing niqabs in court Taxis are reflected in a window in Times Square in New York December 17, 2012 Credit: Reuters/Carlo Allegri By Daniel Wiessner ALBANY, New York | Thu Dec 27, 2012 6:42pm EST ALBANY, New York (Reuters) - The New York Court of Appeals has agreed to review a decision that blocked New York City Mayor Michael Bloomberg's plan to raise over $1.4 billion by selling 2,000 new taxi medallions. Three taxi groups in May sued to overturn the plan, saying it would destroy the livelihoods of thousands of drivers. In August, the State Supreme Court's Acting Justice Arthur Engoron found that the Bloomberg administration violated the state constitution's "home rule" provisions by asking state lawmakers, instead of the City Council, to pass the taxi plan. The Court of Appeals on Thursday released a letter dated December 14 in which Deputy Clerk Richard Reed said the court would hear the appeal in late April or early May. In a rare move, the state's top court will hear the appeal directly, which means it will bypass the mid-level Appellate Division. Bloomberg, a political independent, is relying on the sale of the new medallions to raise $635 million in 2013 - his last year in office - and more than $800 million in 2014 and 2015. The attorneys involved were not immediately available for comment. A Bloomberg spokesman did not immediately respond to a request for comment. (Reporting by Dan Wiessner, desking by G Crosse) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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