7th Circ. Revives Suit Over NCAA Ticket Lottery System

Law360, New York (July 19, 2010, 3:27 PM EDT) -- A federal appeals court has overturned a lower court's dismissal of a proposed nationwide class action accusing the National Collegiate Athletic Association of operating illegal lotteries to sell and distribute tickets to certain Division I championship tournaments.

In a 2-1 panel decision in the U.S. Court of Appeals for the Seventh Circuit on Friday, the court remanded the suit, ruling that the U.S. District Court for the Southern District of Indiana had erred in its determination that the NCAA's distribution scheme for these tickets did not...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.