The New York Yankees have come to a settlement with members of brokerage firm ASC. On March 5, employees of ASC Ticket Co. filed a complaint against New York Yankees Partnership in New York Supreme Court after the team revoked 52 season tickets legally purchased by the plaintiffs.
The lawsuit has been reportedly settled pursuant to the terms of a confidential settlement agreement. Though the details of the settlement are not available to the public, a source told Ticket News that a large number of Yankees tickets were recently re-uploaded and made available for purchase.
According to the original complaint, ASC lawfully purchased 52 season tickets from the Yankees for $440,885 in November of 2017. On Feb. 9, 2018, ASC received an email from Yankee’s representative Richard Granato stating that the tickets would be revoked because the “analytics team has determined that (ASC) buying behavior does not fit (the Yankee’s) criteria.”
The complaint read “The Yankees’ so-called ‘criteria’ concerning Plaintiffs’ ‘buying behavior’ is obviously nothing more than a disguise for their illegal policy of targeting and taking inventory away from ticket resellers.”
“These are people that have done everything by the book. They followed the rules. They followed the Yankees’ regulations. All they want to be able to do is afford the rights that they are entitled to,” Larry Hutcher of Davidoff Hutcher & Citron LLP, lawyers for brokerage firm ASC told Amplify back in March.
On March 6, lawyers for ASC told Amplify that the brokerage won a temporary restraining order preserving 49 out of the 52 subscriptions. Hutcher explained “Pending the determination of the motion, the Yankees agree not to sell them or otherwise transfer them. So in the event that we are successful, the tickets will still be there and the Yankees can’t argue that our request for a release is moot because the tickets have already been sold.”
Ticket brokerage ASC Ticket Co., co-owned by several brokers with a minority position held by Lee Shenker who left ASC for consolidation firm DTI in 2017, was seeking $1 million in damages after the Yankees revoked 52 season tickets from the resellers, some of which were already sold to fans.