A sports marketing firm, IMG College LLC, and the University of Pittsburgh are suing each other as a result of a contract dispute. The contract granted IMG rights to broadcast and market some of Pitt’s sports teams. Now, they are both suing each other for money owed.
IMG’s summons alleges it is entitled to $4 million from the university under the contract’s buyout clause. Conversely, Pitt’s complaint alleges that IMG owes it $3.6 million for unpaid royalties and other payments. The point of contention is …Continue Reading