NEW YORK, N.Y. - New York Attorney General Eric Schneiderman says a joint venture between two bus companies that operate most of the hop-on, hop-off sightseeing tours around the city is a monopoly and should be broken up.
Schneiderman and the U.S. Department of Justice filed an antitrust lawsuit in federal court in Manhattan on Tuesday. The suit is against Twin America, which was created in 2009 when the two bus companies combined. The companies are Gray Line New York, operated by Coach USA, Inc., and City Sights.
The suit says the combining of the two bus companies created an effective monopoly that has led to increased prices. The suit says the Twin America venture has a 99 per cent share of the market.
Calls to the bus companies seeking comment were not returned.