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Claudia Wilken - 1 Wilken - 1 “ I’m - 1 ” Wilken - 1 Rakesh Kilaru - 1 Kilaru - 1 we’ve - 1 Jeffrey Kessler - 1
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☆ Judge puts $2.78 billion NCAA settlement on hold
  + stars: | 2024-09-06 | by ( ) edition.cnn.com   time to read: +2 min
Reuters —The proposed $2.78 billion settlement of the House v. NCAA antitrust case is on hold after U.S. District Judge Claudia Wilken expressed reservations about the terms on Thursday in Oakland, California. Wilken stated her concern about provisions of the deal that could affect name, image and likeness (NIL) payments to student-athletes. She also voiced concern that future college athletes might be restricted by the pending revenue agreement, which will last 10 years. Currently, boosters can provide NIL payments to athletes that essentially serve as salaries. If they want to face that, it’s a decision they have to make.”The settlement would pay billions of dollars to current and former NCAA athletes.
Persons: Claudia Wilken, Wilken, “ I’m, ” Wilken, Rakesh Kilaru, Kilaru, we’ve, Jeffrey Kessler, It’s, it’s Organizations: Reuters, U.S, ESPN, NCAA Locations: Oakland , California
☆ NCAA balks at athletes' $1.3 billion antitrust lawsuit, calling it speculative
  + stars: | 2023-05-01 | by ( Mike Scarcella | Industry Insight | Law Firms | ) www.reuters.com   time to read: +3 min
The NCAA also argued the plaintiffs' division of damages unlawfully favored male athletes over female ones. In a statement, the NCAA said the plaintiffs' claims for "billions of dollars in damages" do not have "legal or factual support." Plaintiffs' lawyers for years have challenged rules that prohibited college athletes from receiving compensation. Class actions provide plaintiffs an avenue in court to pursue claims collectively rather than as individuals, imposing greater pressures on defendants. The plaintiffs' lawyers have asked the court to approve three classes seeking monetary damages: football and men's basketball; women's basketball; and an additional sports class.
☆ Microsoft wins dismissal of gamers' suit over $69 billion Activision deal
  + stars: | 2023-03-21 | by ( Mike Scarcella | Industry Insight | Messaging Platform | ) www.reuters.com   time to read: +2 min
"Plaintiffs' general allegation that the merger may cause 'higher prices, less innovation, less creativity, less consumer choice, decreased output, and other potential anticompetitive effects' is insufficient," wrote U.S. District Judge Jacqueline Corley. The decision does not affect the U.S. Federal Trade Commission's (FTC) regulatory challenge to the largest-ever gaming industry deal. Microsoft announced its bid last year, and it also faces competition scrutiny in the EU and UK. A spokesperson for Microsoft and lawyers for the company did not immediately respond to messages seeking comment. The case is Demartini v. Microsoft Corp, U.S. District Court, Northern District of California, 3:22-cv-08991.
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