
Taxi's lined up at an intersection on Feb. 27th 2017, in New York City.Taxi's lined up at an intersection on Feb. 27th 2017, in New York City.
A taxicab medallion, often seen bolted to a vehicle's hood, is a numbered plate required to operate a yellow cab. James is alleging that the TLC played a role in inflating the price of thousands of medallions over a 14-year period, 2004 to 2017, sometimes by more than 200%.
"Government should be a source of justice, not a vehicle for fraudulent practices," James said in a statement, announcing a notice of claim for $810 million. She's alleging the city profited by that same amount selling medallions and by collecting a 5% tax on third-party transfers.
"These taxi medallions were marketed as a pathway to the American Dream, but instead became a trapdoor of despair for medallion owners harmed by the TLC's unlawful practices," she added.














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