EA to pay $27 million in antitrust suit settlement

EA to pay $27 million in antitrust suit settlementGaming major, EA sports has agreed to pay out a potential $27 million to affected customers in a settlement of an antitrust case.

The company has also agreed to forgo NCAA exclusivity for five years, which may result in concluding of the company’s dominating control over the American Football sim market. The class action antitrust suit against the company had begun back in 2008.

Lawyers representing customers in the class-action antitrust lawsuit, the company has agreed to do away with exclusive control of the NCAA and AFL licenses as well as a $27 million payout package for aggrieved customers.

The suit alleged that EA had created a monopoly on football game. EA had signed exclusive deals with the NFL, NCAA and AFL. The company was thus able to cut its competition from Take-Two, which had no backing from the gaming associations.

EA will let its current agreement with the NCAA lapse in 2014, under the conditions of eth settlement. The company will not be allowed to sign or renew exclusive deals with either the NCA or the AFL for the next five years. It is believed that the customers who purchased EA football title for the GameCube, PS2 or Xbox could be eligible to get up to $6.79 a game and those who purchased current-generation football game would get $1.95 a game.