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AAP

National

Cassandra Morgan

DARK SECRETS: Uber to pay out taxi hire drivers with almost 272m | Rare Historical Photos

Uber Joe Castro

Rideshare giant Uber has agreed to a $272 million settlement to compensate taxi drivers. (Joe Castro/AAP PHOTOS)

Uber will cough up almost $272 million to compensate taxi and hire car drivers who lost out when the rideshare company "aggressively" moved into the Australian market.

A class action against Uber was expected to go to trial in the Supreme Court of Victoria on Monday but Judge Lisa Nichols vacated it after the rideshare giant agreed to the mammoth $271.8 million settlement.

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