Ticketmaster and the National Collegiate Athletic Association (NCAA) may have unlawfully forced ticket purchasers to pay a non-refundable fee to enter an alleged illegal lottery for the right to purchase tickets to sporting events.
Investigation and pending class action lawsuit against Ticketmaster and the National Collegiate Athletic Association (NCAA) claiming the two organizations violated racketeering laws by forcing ticket purchasers to pay a non-refundable fee to enter an alleged illegal lottery for the right to purchase tickets to high-profile sporting events.
The ticketing scheme affects college basketball tournaments for both men and women as well as men's hockey tournament games. According to the class action lawsuit, if the applicant wins the lottery, the NCAA releases the tickets, but if the applicant is not selected, the NCAA refunds only the ticket price while pocketing the fee. The class action lawsuit also claims that the NCAA and Ticketmaster profit from the interest earned by depositing the full ticket prices sent in by lottery participants and holding the losers' money for months, well beyond the date of the alleged lottery. Ticketmaster and the NCAA are located in California and Indiana, two states in which such lotteries are illegal unless run by the state or licensed charities.
If you purchased tickets to a preliminary or final round college basketball or men's hockey game from 1998 until present you are eligible to join this lawsuit.
Name (Stock Symbol)
NAtional Collegiate Athletic Association
NAtional Collegiate Athletic Association administers college athletics.
Ticketmaster Entertainment, Inc. (TKTM)
Ticketmaster Entertainment, Inc. operates as a live entertainment ticketing and marketing company worldwide. Ticketmaster provides ticket sales, ticket resale services, and marketing and distribution services through ticketmaster.com and related proprietary Internet and mobile channels, as well as through approximately 7,100 independent sales outlets and 17 call centers.
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