EA Close to Settlement in Madden NFL Antitrust Class Action
By Mike Holter
According to a court filing, EA has reached “a settlement in principal” and intends to negotiate a definitive class action settlement agreement within 45 days.
The settlement will resolve a 2008 antitrust class action lawsuit that claims EA violated antitrust and consumer protection laws by holding exclusive license agreements with the NFL to market NFL-branded football software. The alleged deal drove out competitors and enabled EA to charge 70 percent more for “Madden NFL,” according to the class action lawsuit.
U.S. District Judge Claudia Wilken certified the EA antitrust class action lawsuit in 2010 on behalf of anyone who bought Madden NFL, NCAA or Arena Football League software starting with a release date of 2005. EA denies the allegations in the class action lawsuit.
The potential class action settlement amount wasn’t disclosed in court filings, but EA said in an SEC filing Monday that it is reserving “a $27 million expense related to a potential settlement of an ongoing litigation matter.”
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