The Yankees sued StubHub in March, alleging that StubHub’s opening of a ticket office within 1,500 feet of Yankee Stadium violated New York laws against scalping. StubHub’s argument was that it wasn’t a ticket sales office but, rather, merely a printing station for tickets purchased online at home. The Yankees obtained a temporary restraining order to keep StubHub from opening its office.
Now the lawsuit seems to be on the verge of settling:After seven hrs of closed-door negotiation today, Yankees and StubHub about to certify their settlement in Bronx Supreme Court
— Eric Fisher (@EricFisherSBJ) April 16, 2013
Yankees atty Jonathan Schiller: parties have reached a settlement, subject to completion of formal agreement. #stubhub
— Eric Fisher (@EricFisherSBJ) April 16, 2013
The terms of the settlement are unknown and will likely remain private. I suppose we’ll be able to infer something based on whether that StubHub office ever opens for business. If it does, on site, figure they paid the Yankees a decent amount of money to do it. If they open up more than 1,500 feet away from the Stadium, it may be safe to assume that the Yankees helped pay some relocation costs or something.
Either way, I get the vibe that everyone felt that the Yankees had a pretty righteous case and that it would be a hard sell for StubHub to convince a court that a “printing office” wasn’t really in the business of selling tickets in violation of that 1,500 foot law.
