A district court decided that NCAA rules prohibiting colleges from compensating student athletes for use of their names and likenesses in video games and telecasts unreasonably restrained trade. Another district court ruled that territorial restrictions for broadcasting professional baseball and hockey games could violate antitrust law and that those kinds of restrictions were not shielded from antitrust scrutiny by the common law baseball exemption. The U.S. Court of Appeals for the Tenth Circuit affirmed a billion-dollar judgment awarded to a class of industrial customers who claimed that chemical companies fixed the prices of polyurethane products.
Other antitrust developments of note included the Department of Justice’s challenge of the merger of two food companies because it was likely to lessen competition to buy pigs from farmers and the Federal Trade Commission’s imposition of a fine on Berkshire Hathaway for failing to comply with premerger reporting regulations.
College Athletes
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