Did you receive a notice from Varsity Brands? Did you receive a mail about a class action settlement to resolve Varsity Brands All Star Cheer antitrust $43.5M Lawsuit? This review will help you partake in the class action settlement after confirming the authenticity of the mail.
What Is Varsity Brands All Star Cheer antitrust $43.5M Class Action Settlement?
Varsity Brands agreed to pay $43.5 million to resolve claims it worked with other companies to maintain a monopoly over All Star cheerleading events and products.
The name of the case is Fusion Elite All Stars, et al. v. Varsity Brands LLC, et al., Case No. 2:20-cv-02600-SHL-tmp, in the U.S. District Court for the Western District of Tennessee.
What Is This Class Action All About?
The settlement also benefits a Spectator Class of consumers who purchased admission and other expenses paid directly to Varsity in order to observe Varsity All Star Events between May 26, 2016, and March 15, 2023.
According to the antitrust class action lawsuit, Varsity Brands conspired with Varsity Spirit and Varsity Spirit Fashions & Supplies to maintain a monopoly on All Star cheerleading events. As a result, All Star gyms and spectators allegedly overpaid to host and participate in these events.
Varsity Brands is a sports events coalition that provides event coordination, athletic gear, spirit supplies and student awards. Varsity Brands includes BSN Sports, Varsity Spirit and Herff Jones.
Varsity Brands hasn’t admitted any wrongdoing but agreed to a $43.5 million settlement to resolve the antitrust class action lawsuit.
Eighty-five percent of the net settlement fund will be used to pay Gym Class members, while the remaining 15% will be used to pay Spectator Class members.
Under the terms of the settlement, Gym Class members can receive a pro rata share of their portion of the net settlement fund based on the amount they paid Varsity for registration, fees and other All Star expenses.
Spectator Class members can receive $10 for each admission they purchased to attend Varsity All Star events. These class members can claim up to 20 events for a maximum payment of $200.
The settlement website is AllStarCheerAntitrustSettlement.com.
Who Is Eligible?
This settlement benefits a Gym Class made up of entities that paid registration, fees and other expenses to Varsity in order to participate in Varsity All Star Events between May 26, 2016, and March 15, 2023.
The settlement also benefits a Spectator Class of consumers who purchased admission and other expenses paid directly to Varsity in order to observe Varsity All Star Events between May 26, 2016, and March 15, 2023.
How To Be Part of This Settlement
Class members must submit a valid and timely claim on the settlement website in order in this class action settlement but claim forms and related deadlines will not be available until after the final approval hearing.
The deadline for exclusion and objection is Aug. 3, 2023.
What Is The Pay For This Settlement?
The pay for this settlement varies and the proof of purchase is the Documentation of Varsity-related expenses.
Conclusion
As you submit your claim to the settlement website, just like NetSpend – Prepaid Debit Cards class action settlement we have reviewed, you’re doing so under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. The final approval hearing for the Varsity Brands All Star Cheer settlement is scheduled for Sept. 26, 2023.
