Antitrust Suit By NCAA Players To Be Settled For $40M

Law360, Los Angeles (September 26, 2013, 9:49 PM ET) -- Video game company EA Sports and the Collegiate Licensing Co. have agreed to pay $40 million to settle with thousands of current and former NCAA student-athletes over antitrust claims of a conspiracy involving the unauthorized use of their names and likenesses, according to court documents and news reports.

In court papers filed Thursday, EA Sports' parent company, Electronic Arts Inc., and Collegiate, which holds licensing rights for many major colleges and collegiate athletic conferences, indicated they would settle the college athletes' antitrust claims.

While the terms...
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