SBD/Closing Bell

Univ. Of Maryland Takes Legal Action Against ACC Over Exit Fee

The Univ. of Maryland, as expected, on Friday in two legal actions "vigorously defended its right to move to the Big Ten" without paying a $52M exit fee to the ACC. The school filed a complaint in Prince George's County circuit court "alleging the ACC violated state antitrust laws, breached contractual obligations and interfered with the economic growth of the school." The suit "seeks an injunction against paying the fee and declaratory judgment that it is unlawful." UM also filed a motion in a Greensboro, N.C., court to "dismiss the ACC's original lawsuit" (BALTIMORESUN.com, 1/18).
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