From Billboard · Rachel Scharf · · 1m 10s
Stubhub CEO Ticket Fund Lawsuit Blocked
Judge dismisses class action against Stubhub CEO's ticket brokerage fund.
In brief
Judge dismisses class action against Stubhub CEO's ticket brokerage fund. A judge blocked a class action lawsuit against Stubhub over its CEO's ticket broker fund, requiring individual arbitration instead. Originally reported by Billboard.
Stubhub Banner at NYSE
A Stubhub banner hangs at the New York Stock Exchange as the company prepares to ring the opening bell on September 17, 2025 in New York City.
Judge Blocks Class Action
A judge shut down efforts to bring a class action lawsuit against Stubhub over the CEO’s ticket broker fund relationship.
CEO’s Ticket Fund Allegations
Louis Sanquini claimed he wouldn’t have bought tickets if he knew CEO Eric Baker operated Andro Capital, a ticket broker fund generating over $5 million since 2022.
Stubhub’s Public Disclosure
Stubhub disclosed CEO Eric Baker’s Andro Capital ownership in regulatory filings before its $758 million initial public offering.
Arbitration Requirement
Judge Rakoff ruled Stubhub’s terms of service require individual arbitration for all claims, blocking class action lawsuits.
Next Steps for Lawsuit
Sanquini’s lawyer plans to pursue individual arbitration claims while Stubhub faces ongoing customer disputes.
The takeaway
A judge blocked a class action lawsuit against Stubhub over its CEO's ticket broker fund, requiring individual arbitration instead.
