- Consumer Sentiment Falters, Despite Job Growth
- Greek Aid Deal ‘Much Better’ Than Euro Exit: Summers
- Bonus Bloodbath: Europe Banker Backlash Continues
- US Trade Deficit Swells to $48.8 Billion on China Gap
- SEC Reaches Settlement in Bear Stearns Fraud Case
- Israel Likely to Bomb Iran This Year: Political Analyst
- EU Agrees Rules for $700 Trillion Derivatives Market
- The World's Best Beers
- Rep. Bachus Faces Insider Trading Probe: Report
- Bulls Check In to Community Health
- Bank of America’s Worst-Case Scenario Gets More Real
- Tesla Unveils First SUV: Model X
- New York Fashion Week Hits the Runway as Colors Pop
- Mulling Buffett's Stock Advice? Get in With REITs: Fund Managers
- LinkedIn Earnings Bode Well for Hiring and Social Media
- Top Five Mistakes to Avoid in Online Dating
- Victor Cruz ‘Understands’ Gisele's Super Bowl Frustrations
- Tamminen: The United States of India
MOST SHARED
- Users of Citibank Bill-Pay App Charged Twice
- US Trade Deficit Swells to $48.8 Billion on China Gap
- Rep. Bachus Faces Insider Trading Probe: Report
- Euro Sags, Risk Appetite Softens on Greek Deal Holdup
- What's Shaking: Friday's Early Movers
- Israel Likely to Bomb Iran This Year: Political Analyst
- Will Romney Regret Opposing Michigan Auto Bailout?
- FBI Investigated Steve Jobs Drug Use
- Greek Aid Deal ‘Much Better’ Than Euro Exit: Summers
- EU Finance Ministers Won't Get Fooled Again
MOST POPULAR
HOT ON FACEBOOK
MLB Loses Appeal in Fantasy Baseball Lawsuit
Text Size 
Major League Baseball and the players association struck out on Monday when the U.S.
 |
James A. Finley / AP |
The high court declined to hear the appeal of a lower-court ruling that a St. Louis-based company called C.B.C. Distribution and Marketing has a free-speech right to use the names and performance statistics of famous athletes.
Fantasy sports in the United States has become a $1.5 billion annual industry involving millions of participants, according to court documents in the case. Fantasy leagues involve participants who manage imaginary teams based on the statistics of real players.
C.B.C. sued after it was unable to obtain a license from a subsidiary of Major League Baseball to use players' names in its fantasy baseball games. The players association then intervened in the case, joining Major League Baseball and further asserting a breach-of-contract claim.
A federal judge and then a U.S. appeals court in St. Louis ruled for the company. The high court rejected the appeal by the players and the league without comment.
After the Supreme Court refused to get involved in the dispute, a spokesman for the players union said, "We're considering our options." Officials from Major League Baseball declined to comment.
- How much did the Facebook founder pay for other shareholders' voting rights? Not a heck of a lot, says the NY Times.
- Here’s a look at Westminster Kennel Club’s most successful breeds and how much they cost.
- When looking for that next career move, workers need to look at the differences between a start-up and a public firm.
- After enduring the recession, many Baby Boomers say money isn’t the most important thing they hope to leave to their kids.
- The ‘Fast Money’ traders weigh in on fashion related stocks from apparel to footwear to accessories and fragrances.
- Attention, online shoppers. The days of tax-free online shopping may be coming to an end in many states.
Data is a real-time snapshot *Data is delayed at least 15 minutes
