GOOGL - NFL Hit With $4.7B Verdict In Sunday Ticket Trial Damages Could Triple Under Federal Law | Benzinga
The National Football League faces approximately $4.7 billion in damages, potentially tripling to $14 billion under federal law, after losing a jury trial over anticompetitive aspects of its Sunday Ticket broadcast package.
What Happened: The verdict was handed down on Thursday by a federal court jury in Los Angeles, Bloomberg reported. The lawsuit, initiated by football enthusiasts, alleged that the NFL and DirecTV conspired to drive up the cost of subscriptions for viewing games played away from home. Instead of settling, the NFL decided to fight the consumer class-action lawsuit in court.
The main contention of the lawsuit was that the NFL and DirecTV compelled viewers to pay for out-of-market games, even if their favorite team wasn’t playing, and at an inflated price. NFL ...