fromwww.amny.com
9 hours agoDirecTV antitrust suit against Nexstar back online after appellate ruling amNewYork
In reversing the Southern District of New York dismissal for lack of standing, a split three-judge circuit panel allowed the streaming and satellite TV company to proceed with its federal claims. Lost profits resulting from a reduction in output represent a cognizable antitrust injury, and DirecTV plausibly alleges that its lost profits flowed directly from the output-reducing effects of the alleged price-fixing conspiracy, U.S. Circuit Judge Steven Menashi wrote in an opinion joined by U.S. Circuit Judge Denny Chin.
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