Langer Grogan & Diver, P.C. announced today that Magistrate Judge Timothy Rice of the United States District Court for the Eastern District of Pennsylvania granted preliminary approval to a $37.5 million class action settlement with Zions First National Bank and two subsidiaries of claims brought under the Racketeer Influenced and Corrupt Organization (“RICO”) Act.
Law360’s Jeff Zelesin reports that MLB Fans Get Initial OK for TV Antitrust Settlement. Major League Baseball fans who were taking the league to trial over its business model for out-of-market game broadcasts won a New York federal judge’s initial approval Friday to settle the antitrust class action in exchange for some new viewing options and discounts.
Reporting from the Major League Baseball Owners Meetings in Coral Gables, Florida, SportsBusiness Journal reporter Eric Fisher writes that MLB hails compromise on broadcast territories.
“Major League Baseball fans will soon have more options for watching their favorite team. And non-sports fans yearning for a cordless future will have reason to cheer as well,” writes Kavitha Davidson in today’s Bloomberg View.
Sports media columnist Chad Finn writes the MLB settlement a big win for out-of-town fans in today’s Boston Globe.
On the top of page one of the business section in today’s Philadelphia Inquirer, staff writer Bob Fernandez reports on MLB agrees to concessions settling TV broadcasts antitrust suit. He has covered this story in Philadelphia since 2013.
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