Cotter vs Lyft, Inc Case- In many cities and states, taxicab companies are highly regulated. New York, for example, requires vehicles to meet certain specifications. Cab fares are set by law. Drivers go through criminal background checks, must pass English proficiency tests, and must prove their knowledge of the city's streets. Passengers can rely on the "gold medallion" to identify drivers and cabs that have met these qualifications. Medallions are required and expensivecosting close to $500,000so most cabs are owned by investment companies who lease them to the drivers. Considering the various stakeholdersthe government, the cab owners, the drivers, and the customersis New York's taxicab system fair?