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re: Maryland sues the ACC
Posted on 1/19/13 at 4:10 am to TigerintheNO
Posted on 1/19/13 at 4:10 am to TigerintheNO
If the $52M exit fee is struck down it doesn't matter. Not a lawyer, but if Maryland wins the exit fee would mostly likely be reduced to the original exit fee that they agreed to. It would be funny if the ACC collapsed along with the BE.
1
Posted on 1/19/13 at 9:50 am to TJGator1215
quote:
Not a lawyer, but if Maryland wins the exit fee would mostly likely be reduced to the original exit fee that they agreed to.
Antitrust complicates things, but as a contract suit, Maryland is almost certainly going to win. A fee for breach of contract cannot be punitive, and it must be tied to economic losses. You can't just conjure a huge exit fee like that. IT'll probably get negotiated down in settlement talks to $15-20 million or so, and then everyone walks away happy. The ACC still has an exit fee, and Maryland gets out without paying $52 million.
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