San Francisco's Yellow Cab Files for Chapter 11 Bankruptcy

San Francisco's largest taxi company has filed for Chapter 11 bankruptcy.

Yellow Cab made the move to help reorganize its finances. It says a spike in accident claims over the past year is partially to blame for the company's troubles.

The 300 owners of Yellow Cab Cooperative found out about the filing back in November.

It's still unclear how the bankruptcy proceedings may impact service, but the company says it plans "to continue its operations as before."

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