In October 2024, the proposed $2.8 billion NCAA House Settlement (the Settlement) for the breakthrough House v. NCAA litigation received preliminary approval from Judge Claudia Wilken for the Northern District of California....more
On the final day of “March Madness,” the NCAA’s attention shifted from basketball courts to the courtroom, where a federal judge signaled a high likelihood that she would sign off on a settlement agreement that would end...more
Welcome to McCarter’s Playing Field: Sports Law Notes, where you’ll find the latest in sports law, notes about our practice, and important updates for athletes, teams, institutions, facilities, investors, and others in the...more
As the pending settlement in In re: College Athlete NIL Litigation, Case No. 4:20-CV-03919 (N.D. Cal) (the “House Settlement”) inches toward a final approval hearing before Judge Claudia Wilken on April 7th, a big question...more
The sports industry experienced a year of considerable change in 2024, creating opportunities for athletes, sportsbooks, teams, and investors. This article highlights five of the main developments in 2024: developments in...more
At the end of January, the Ivy League, a National Collegiate Athletic Association (NCAA) Division I conference, announced that it is opting out of the settlement reached in House v. NCAA. The settlement, which was reached as...more
In a move that was expected, the Trump Administration’s new Department of Education (Department) rescinded the Biden Administration’s January 16, 2025, name, image, and likeness (NIL) guidance applying Title IX to NIL...more
President Trump’s new administration just clarified that Title IX equity principles should not apply to Name, Image, and Likeness (NIL) payments, a decision that could have a significant impact on your college athletics...more
If approved, the House v. NCAA settlement will revolutionize college athletics. Starting July 1, 2025, it will require the NCAA and its Division I member institutions to pay nearly $3 billion in damages to current and former...more
Despite previously raising several important concerns relating to the NCAA’s proposed $2.8 billion antitrust settlement in House v. NCAA, federal Judge Claudia Wilken recently granted preliminary approval of the deal in an...more
This summer brought significant legal and administrative changes to college athletics, reshaping the landscape for the upcoming academic year. Key court rulings, including the landmark House v. NCAA settlement, have mandated...more
The NCAA and its power conferences recently approved a multi-billion-dollar agreement to settle several antitrust claims brought by student-athletes, taking the next step towards reshaping the collegiate sports landscape. The...more
The ball keeps rolling on potentially big compensation for college athletes. In a landmark proposed settlement (Settlement), the National College Athletics Association (NCAA) and the Atlantic Coast Conference, Big Ten...more
The NCAA Board of Governors has voted to approve the terms of a settlement that would resolve several antitrust lawsuits against the NCAA and would require the organization to pay nearly $2.8 billion over a 10-year period to...more
In the world of college athletics, the introduction of name, image, and likeness (NIL) rights on 1 July 2021 revolutionized the landscape for student-athletes, presenting new challenges and opportunities for student-athletes....more
The College Athletic Department Toolkit Series: Balancing Compliance and Competitive Success in an Era of Change - Don’t make a rookie mistake. Whether you are a new or experienced athletic administrator, refresh your...more
Who may be interested: Registered Investment Advisers, Mutual Funds, Compliance Officers - Quick Take: The SEC settled charges against two affiliated registered investment advisers, alleging that the advisers failed to...more
In a striking reversal of approach beginning in the summer of 2022, the District Court for the Eastern District of Wisconsin went from denying, in whole or in part, virtually every motion to dismiss ERISA lawsuits targeting...more
A “managed account” is a discretionary portfolio management service that makes investment decisions for individual participants within the confines of a 401(k) plan and its fund options. This service is fundamentally...more
Understanding how solar and energy storage projects are taxed in Virginia is often confusing. Who assesses the value? What is the rate? Are any tax exemptions available? What is the revenue share?...more
Noting Deficiencies, FINRA Suggests Best Practices for Reg BI Compliance - During its first-ever review of compliance with Regulation Best Interest (Reg BI), the Financial Industry Regulatory Authority (FINRA) found...more
On March 24, FERC granted a public utility’s petition for declaratory order regarding the treatment of a master license agreement for communications equipment under the public utility’s previously approved revenue sharing...more