StubHub Files Antitrust Lawsuit Against Ticketmaster And Golden State Warriors

StubHub, a ticket resale company is suing Ticketmaster and the Golden State warriors, alleging that the team unfairly required fans looking to sell tickets to use TicketMaster's exchanging.

The suit, which was filed Sunday, alleges that the team has informed season-ticket holders should they resell their tickets through anything other than Ticketmaster's exchange, NBATickets.com, they will have their ticket privileges revoked.

Reportedly, the threat is working and according to StubHub, listings for Warriors tickets, which is currently the hottest ticket in the NBA, are down 80 percent in the past year.

"If the anti-competitive actions complained herein are not stopped, Ticketmaster is likely to seek to replicate them with other teams," the suit said. "As a result, millions of Americans will be held captive to a monopoly secondary ticketing exchange."

The Warriors issued a statement on the lawsuit Tuesday, explaining that Warriors.com and NBATickets.com "are the only sites where tickets are guaranteed to be authentic."

"Currently, more than 10,500 fans are waiting for the opportunity to purchase Warriors season tickets," the statement said. "However, each year a significant number of those tickets are purchased by ticket brokers with the sole intent to resell them at a markup. The Warriors recently decided not to renew 2015-16 season tickets held by some ticket brokers, so that we can instead sell those tickets directly to fans on our wait list.

"This approach reflects our commitment to giving our fans the game experience they deserve."