Antitrust lawyer Jeffrey Kessler has reportedly filed a class action lawsuit against collegiate athletics group the NCAA on behalf of college football and men’s basketball athletes.
According to reports, the suit accuses the NCAA and the five largest college conferences of price-fixing, restricting competition by capping scholarship dollar amounts. Kessler described the suit as “a frontal attack on the basic unfairness of the system.”
The representative reportedly cited the millions and hundreds of millions of dollars being made by NCAA Tournament coaches and schools, sponsors and others, while “the only group that is not receiving any benefit are these athletes.”
Reports say that the plaintiffs are using an antitrust stance to have athletes be paid beyond their scholarship funds, using “price-fixing” to describe the policies that limit compensation and calling the NCAA and schools a “cartel” that illegally caps athletes’ pay.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
ConocoPhillips Acquires Marathon Oil for $22.5 Billion in Major Energy Sector Consolidation
May 29, 2024 by
CPI
Judge Denies Amazon’s Bid to Dismiss FTC Lawsuit Over Prime Membership Practices
May 29, 2024 by
CPI
Germany and France Advocate for Major EU Competition Reform
May 29, 2024 by
CPI
Equifax Accused of Monopolizing Employment Verification Market in New Suit
May 29, 2024 by
CPI
Car Battery Makers to Challenge EU Cartel Charges in Brussels
May 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI