ACC Gets OK To Seek $52M Exit Fee From Md. University

Law360, New York (November 20, 2013, 4:52 PM EST) -- A North Carolina appeals court on Tuesday rejected the University of Maryland's bid to escape a $52 million contract dispute over its exit from the Atlantic Coast Conference, allowing the league to push ahead with efforts to recover what Maryland has termed an anti-competitive penalty.

The North Carolina Court of Appeals ruled that University of Maryland College Park and the UMC system's Board of Regents couldn't use sovereign immunity arguments to avoid a suit the ACC brought in North Carolina state court to charge UMC upward...
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