Yellow Cab Co. v. City of Chicago

MEMORANDUM OPINION AND ORDER

BUCKLO, District Judge.

On June 7, 1995, plaintiff, Yellow Cab Company (‘Yellow Cab”), filed its complaint against defendants, City of Chicago (the “City”) and Caroline 0. Shoenberger, who is the Commissioner of Consumer Services (the “Commissioner”). Yellow Cab’s complaint arises out of the Commissioner’s promulgation of final rules and regulations establishing maximum allowable lease rates for taxicabs (the “Lease Rate Regulations”), which permit Yellow Cab a 14 percent rate of return on its investment. Under the Lease Rate Regulations, taxicab owners may seek…