Varsity Brands to Add Illinoisans to $82.5 Million Cheer Payout

Varsity Brands LLC and Bain Capital will have to add Illinois parents to the list of participants permitted to join their $82.5 million proposed class action settlement resolving antitrust litigation that accused them of attempting to dominate the competitive cheer market.

“For good cause shown,” Illinois parents are permitted to participate in the settlement on the same basis as other members of the state law damages class, said Judge Sheryl H. Lipman of the US District Court for the Western District of Tennessee on Friday.

The Illinois attorney general sought to ensure that Illinois parents, referred to as “indirect purchasers,” ...