Fanatics Accused of Trading-Card Market Monopoly in New Suit (1)

Fanatics Inc. was sued Monday in federal court with claims the company monopolizes the market for sports trading cards, causing consumers to pay inflated prices.

“Defendants’ anticompetitive scheme has already reduced output and competition, and thereby artificially inflated prices, in the market for Pro Sports Trading Cards,” consumer plaintiff Phillip Jones said in a proposed class action filed in the US District Court for the Southern District of New York. “Plaintiff and members of the proposed Classes have been injured by paying these artificially inflated prices and will continue to be injured in the future until the alleged unlawful conduct ...