Lyft Inc. the Car-Sharing Service Postpones Its Introduction in New York

Lyft Inc. the Car-Sharing Service Postpones Its Introduction in New YorkLyft Inc., the competitor of car-sharing service Uber Technologies Inc. had earlier said that it planned to start operations in New York City on Friday. However its programme had to be postponed due to contravention of licensing laws as claimed by New York officials.

Eric Schneiderman , New York's Attorney General and Benjamin Lawsky the Superintendent of Financial Services wanted a provisional restrictive order against the company while arguing on Friday in a complaint that was filed in Manhattan state court saying that Lyft has not obeyed the state and local regulations.

The office of Schneiderman said in the complaint, "As it has done in every other city in which it operates, defendant has simply waltzed into New York and set up shop while defying every law passed whose very purpose is to protect the people of the state of New York."

On Wednesday San Francisco based Lyft, said that it would start offering its services of mobile-booking for ride-sharing with five hundred drivers in New York by Friday which would be a great competition for Uber that was valued in its latest financing round at $17 billion.

The complaint says, on April 24, Lyft began operating in Buffalo and Rochester, two of the New York cities without proper sanctions or authorization.