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Second Circuit upheld Southern Districts Preliminary Injunction barring application of the NYC Taxi Lease Cap Regulations

The Second Circuit recently ruled that the District Court for the Southern District of New York properly issued a preliminary injunction banning the City of New York ("City") from enforcing its new "lease cap" rules with regard to the maximum lease rates for taxi cabs. See Metropolitan Taxicab Board of Trade v. City of New York, Docket No. 09-2901-cv, 2010 U.S. App. LEXIS 15303 (2d Cir. July 27, 2010).

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