All articles tagged with #antitrust lawsuit
UFC CEO Dana White has been ordered to testify in a new antitrust lawsuit led by fighter Misha Cirkunov, focusing on arbitration and class action waiver clauses in UFC fighter contracts, with upcoming hearings to address evidence issues and discovery disputes.
Judge Bell dismissed NASCAR's counterclaim against 23XI Racing and Front Row Motorsports, ruling that NASCAR failed to prove an illegal cartel or antitrust injury, and emphasizing the ongoing legal dispute over the 2025 Charters and team negotiations.
The FTC and state prosecutors have filed a lawsuit against Live Nation and Ticketmaster, accusing them of allowing ticket brokers to resell tickets at inflated prices and using deceptive pricing tactics, violating laws and harming consumers. The case highlights concerns over monopolistic practices in the live entertainment industry.
A Florida federal judge dismissed Newsmax's antitrust lawsuit against Fox News for being a 'shotgun complaint' but allowed Newsmax to file an amended complaint by next Thursday, citing procedural issues. The lawsuit accused Fox News of monopolistic behavior to suppress competitors, but the judge emphasized the need for a clearer, more focused complaint.
NASCAR has agreed to hold six charters in reserve for 2024, including those linked to 23XI Racing and Front Row Motorsports, if they win their federal antitrust lawsuit against NASCAR. The teams are challenging NASCAR's decision to forfeit their charters after they declined to sign extension agreements, and a court ruling is expected next week that could impact the future of these charters and NASCAR's system. The lawsuit's outcome may lead to significant changes in NASCAR's business operations and charter system.
Y Combinator has filed an amicus brief supporting Epic Games in the legal dispute with Apple, arguing that the App Store's policies and fees hinder startup growth and innovation, and urging the court to deny Apple's appeal to maintain rules allowing alternative payment methods.
A lawsuit alleges that elite colleges conspire through early decision policies to inflate tuition prices and reduce competition, primarily benefiting wealthy students and potentially exacerbating inequality. The case targets 32 selective schools, claiming their practices hinder fair financial aid distribution and violate antitrust laws, while also raising concerns about the fairness and transparency of the college admissions process.
Epic Games has dismissed its antitrust lawsuit against Samsung after discussions, which focused on Samsung's Auto Blocker feature that restricted app installations to certain stores, potentially hindering Epic's platform. The lawsuit was part of Epic's broader legal efforts against major tech companies over app store practices.
Over 97% of UFC fighters involved in a $375 million antitrust settlement have submitted claims, with an average payout of around $250,000, covering fighters from 2010 to 2017, while new lawsuits aim to address ongoing contractual and business practice issues.
Real estate company Compass has filed a lawsuit against Zillow, accusing it of violating antitrust laws by implementing a rule that bans listings from other platforms if they appear elsewhere for more than 24 hours before being posted on Zillow, claiming this restricts competition and consumer choice.
Compass has sued Zillow, accusing the real estate giant of anti-competitive practices by banning private listings that are not immediately posted on Zillow, aiming to maintain its monopoly over digital home listings and suppress competitors like Compass and Redfin.
BlackRock and other major asset managers are facing an antitrust lawsuit from Republican-led states, accusing them of climate activism that allegedly influenced energy markets and reduced coal production. The firms seek to dismiss the case, arguing their actions lack evidence of conspiracy, while the states contend even industry agreements could impact market decisions. The case could significantly affect how these firms manage their holdings, especially regarding coal investments.
A judge approved a $2.8 billion settlement ending the NCAA's longstanding refusal to pay college athletes, but issues surrounding NIL collectives and athlete rights remain unresolved, signaling ongoing challenges in college sports reform.
Eleven Republican attorneys general, led by Texas, have filed a lawsuit against BlackRock, Vanguard, and State Street, accusing them of conspiring to restrict the coal market by pushing climate policies, thus violating antitrust laws. The lawsuit claims these asset managers have formed a cartel to limit coal supply, raise energy prices, and harm American energy production. BlackRock has dismissed the lawsuit as baseless, asserting its investments are focused on financial returns for clients.
Michael Jordan's 23XI Racing and Front Row Motorsports will be able to race in 2025 as "open" teams after NASCAR removed a clause preventing legal action from its agreement. The teams are still pursuing a court order to race as "charter" teams, which would guarantee entry and higher payouts. Despite the ongoing antitrust lawsuit, this development ensures their participation in races, though they face competitive risks if more than 40 cars enter events like the Daytona 500.