Toronto cab drivers sue to halt Uber; seek C$400 million in damages

By Alastair Sharp TORONTO (Reuters) – Toronto taxi drivers are launching a class-action lawsuit against ride-sharing company Uber Technologies Inc [UBER.UL], seeking more than C$400 million ($307.27 million) in damages and an injunction to stop it operating in the Canadian province of Ontario. Law firm Sutts, Strosberg LLP, which is representing the taxi drivers, said in a statement on Thursday that the named plaintiff, cab driver Dominik Konjevic, alleges that “Uber X and Uber XL have created an enormous marketplace for illegal transportation in Toronto”

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Exclusive: Thoma Bravo seeks top-up fund amid tech LBO bonanza

Thoma Bravo LLC, the private equity firm behind some of the technology sector’s largest leveraged buyouts, is seeking more money from investors for deals, less than a year after it raised a $3.65 billion fund, people familiar with the matter said. The new fundraising illustrates Thoma Bravo’s insatiable appetite for software makers and other technology companies, even as frothy valuations dampen other buyout firms’ enthusiasm. Thoma Bravo is seeking $1 billion for Thoma Bravo Special Opportunities Fund II, a fund that will invest in deals alongside its main buyout vehicle, Thoma Bravo Fund XI, which completed fundraising last May, the people said this week

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Russian competition watchdog opens case against Google

By Maria Kiselyova MOSCOW (Reuters) – Russia's competition watchdog said on Friday it had opened a case against Google Inc over alleged violation of anti-monopoly law, following a complaint from Russia's biggest search site Yandex NV over Google's mobile platform.

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