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Stock impact report

Class action lawsuit filed in Colorado alleges Epic and Ikon pass price structures violate antitrust laws [CBS News]

Vail Resorts, Inc. (MTN) 
Last vail resorts, inc. earnings: 3/9 04:01 pm Check Earnings Report
Company Research Source: CBS News
The plaintiffs in the case, Landin Goloja, Tyler Maybee, Caitlan Reynolds, Daniel Sheiner, and "all others similarly situated," are suing Vail Resorts, Inc. — which sells the Epic Pass, granting access to Vail, Beaver Creek, Breckenridge, Keystone, Park City, Whistler, and more — and Alterra Mountain Company — which sells the Ikon Pass, which grants access to Aspen, Snowmass, Steamboat, Winter Park, Arapahoe Basin, Eldora, Jackson Hole, Banff, and more. "For years, skiers have been told that soaring lift-ticket prices, reduced choice, and overcrowding are simply the new reality," Greg Asciolla, chair of DiCello Levitt's antitrust and competition litigation practice, said in a statement. "Our complaint alleges that these outcomes are not the result of healthy competition, but of exclusionary conduct by two companies that dominate access to the most desirable destinations." The plaintiffs argue that the Ikon and Epic passes constitute an "anticompetitive bundle," which results in " Show less Read more
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