• Privacy Policy
  • Terms & Conditions
Truth of Financial World
  • World News
  • Politics
  • Science
  • Business
No Result
View All Result
  • World News
  • Politics
  • Science
  • Business
No Result
View All Result
Truth of Financial World
No Result
View All Result
Home Business

Federal judge overturns $4.7 billion jury verdict in ‘Sunday Ticket’ lawsuit, ruling for NFL

August 3, 2024
in Business
Federal judge overturns $4.7 billion jury verdict in ‘Sunday Ticket’ lawsuit, ruling for NFL
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

LOS ANGELES — A federal judge has overturned a jury’s $4.7 billion verdict in the class-action lawsuit filed by “Sunday Ticket” subscribers against the NFL and has granted judgment to the NFL.

U.S. District Judge Philip Gutierrez ruled Thursday that the testimony of two witnesses for the subscribers had flawed methodologies and should have been excluded.

“Without the testimonies of Dr. [Daniel] Rascher and Dr. [John] Zona, no reasonable jury could have found class-wide injury or damages,” Gutierrez wrote at the end of his 16-page ruling.

The jury on June 27 awarded $4.7 billion in damages to residential and commercial subscribers after it ruled the NFL violated antitrust laws in distributing out-of-market Sunday afternoon games on a premium subscription service.

The lawsuit covered 2.4 million residential subscribers and 48,000 businesses in the United States who paid for the package on DirecTV of out-of-market games from the 2011 through 2022 seasons.

The jury of five men and three women found the NFL liable for $4,610,331,671.74 in damages to the residential class (home subscribers) and $96,928,272.90 in damages to the commercial class (business subscribers).

Since damages can be tripled under federal antitrust laws, the NFL could have been liable for $14,121,779,833.92.

It is not the first time the NFL has won a judgment as matter of law in this case, which has been going on since 2015.

In 2017, U.S. District Judge Beverly Reid O’Connell dismissed the lawsuit and ruled for the NFL because she said “Sunday Ticket” did not reduce output of NFL games and that even though DirecTV might have charged inflated prices, that did not “on its own, constitute harm to competition” because it had to negotiate with the NFL to carry the package.

Two years later, the 9th Circuit Court of Appeals reinstated the case.

It is likely the plaintiffs will again appeal to the 9th Circuit.

This post appeared first on NBC NEWS

Previous Post

Intel shares plunge 28%, dragging down global chip stocks

Next Post

Markets are clamoring for the Fed to start cutting soon: ‘What is it they’re looking for?’

Next Post
Markets are clamoring for the Fed to start cutting soon: ‘What is it they’re looking for?’

Markets are clamoring for the Fed to start cutting soon: ‘What is it they’re looking for?’

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    China-appointed Panchen Lama vows to make religion more Chinese in meeting with Xi Jinping

    China-appointed Panchen Lama vows to make religion more Chinese in meeting with Xi Jinping

    June 7, 2025
    Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

    Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

    June 7, 2025
    How the US could be vulnerable to the same kind of drone swarm attack Ukraine unleashed on Russia’s bomber fleet

    How the US could be vulnerable to the same kind of drone swarm attack Ukraine unleashed on Russia’s bomber fleet

    June 7, 2025
    Video of man carrying suspicious bundle after his employee’s death fuels femicide outrage in Mexico

    Video of man carrying suspicious bundle after his employee’s death fuels femicide outrage in Mexico

    June 7, 2025

    Disclaimer: truthoffinancialworld.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Browse by Category

    • Business
    • Politics
    • Science
    • World News

    Recent News

    China-appointed Panchen Lama vows to make religion more Chinese in meeting with Xi Jinping

    China-appointed Panchen Lama vows to make religion more Chinese in meeting with Xi Jinping

    June 7, 2025
    Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

    Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

    June 7, 2025
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 truthoffinancialworld.com | All Rights Reserved

    No Result
    View All Result
    • World News
    • Politics
    • Science
    • Business

    Copyright © 2024 truthoffinancialworld.com | All Rights Reserved