Maybe! In the interim, burn rates of already unprofitable companies are going to increase drastically. Does it matter if you overturn the law if you’ve already ceased operations?
If this law is applied fairly, it affects taxi and limo operators as well, so everyone will be in the same boat at least, fares will surge but they will still be in business.
[1] https://investor.uber.com/news-events/news/press-release-det...
Many of those people are already employees or owner/operators. That's why Uber, etc. was able to undercut their fare rates.