Ride-Hailing Startup Juno Battered by Regulation, Lawsuits

A forced pay-raise for drivers and bevy of lawsuits drove ride-sharing startup Juno into bankruptcy, according to court papers filed in the case.

Juno’s owner, Tel Aviv-based Gett Inc., unplugged the ride-sharing app on Monday night, marking what may be the first corporate casualty resulting from New York Mayor Bill de Blasio’s effort to boost pay for drivers and cut congestion on the streets of the city.

Juno USA LP formalized its demise when it filed for Chapter 11 bankruptcy in Delaware on Tuesday, in large part blaming rules implemented in February that require drivers to earn at ...