{"id":11133,"date":"2026-07-14T06:57:14","date_gmt":"2026-07-14T06:57:14","guid":{"rendered":"https:\/\/usatrustedlawyers.com\/blog\/stubhub-faces-customer-fraud-lawsuit-over-ceos-ticket-broker-side-gig\/"},"modified":"2026-07-14T06:57:14","modified_gmt":"2026-07-14T06:57:14","slug":"stubhub-faces-customer-fraud-lawsuit-over-ceos-ticket-broker-side-gig","status":"publish","type":"post","link":"https:\/\/usatrustedlawyers.com\/blog\/stubhub-faces-customer-fraud-lawsuit-over-ceos-ticket-broker-side-gig\/","title":{"rendered":"StubHub Faces Customer Fraud Lawsuit Over CEO\u2019s Ticket Broker Side Gig"},"content":{"rendered":"\n
\n

\n\tStubHub has been hit with a class action lawsuit in the wake of reporting that its CEO is also the managing partner of a ticket broker that has made millions of dollars on the platform.<\/p>\n

\n\tThe complaint, filed on Monday (July 13) and obtained by Billboard<\/em>, focuses on revelations that StubHub CEO Eric Baker <\/strong>has an ownership stake in ticket reselling fund Andro Capital. StubHub disclosed this information to regulators ahead of its $758 million initial public offering in September 2025, but it became news on Friday (July 10) via a report from CBC News<\/a> <\/em>that delved into those IPO documents.<\/p>\n

\n

\n

\t\t\t\t\tRelated\t\t<\/p>\n<\/h3>\n

\n
\n
\n
\n
\n

\t\t\t\t\t\t<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div><\/div>\n<\/div>\n

\n\tIn pre-IPO filings to the Securities and Exchange Commission (SEC), StubHub said that Baker\u2019s fund has sold secondary-market tickets on the platform since 2008 and generated more than $5 million in proceeds since 2022. Andro Capital\u2019s affiliate company, Colloquy Capital, also has a referral agreement in place with StubHub, according to the regulatory disclosures and CBC<\/em>.<\/p>\n

\n\tMonday\u2019s lawsuit claims that while StubHub did give this information to regulators, it did not publicize it to ordinary ticket buyers. On the contrary, plaintiff Louis Sanquini says StubHub was advertised as a platform that \u201cconnects independent buyers and sellers\u201d when he logged onto the website to buy tickets for a Kiss show at Madison Square Garden in 2023 and a New York Red Bulls soccer game in 2024.<\/p>\n

\n\t\u201cPlaintiff and members of the proposed class purchased tickets on StubHub believing they were buying from individual fans through a neutral marketplace, when in fact StubHub\u2019s own leadership has a direct financial stake in, and StubHub itself helps finance, the large-scale resale operations that supply much of the platform\u2019s inventory,\u201d reads Sanquini\u2019s lawsuit. \u201cDefendants\u2019 failure to disclose this conflict of interest, while affirmatively marketing StubHub as a fan-to-fan marketplace, deceived plaintiff.\u201d<\/p>\n

\n\tSanquini is seeking to represent a nationwide class of fans who bought tickets on StubHub without understanding Baker\u2019s financial stake. The suit seeks financial damages for alleged fraud, unjust enrichment and violations of consumer protection law. Sanquini\u2019s lawyer, Keven Steinberg<\/strong>, said in a statement Monday that the case is \u201cabout transparency and consumer trust.\u201d<\/p>\n

\n\t\u201cIf companies make representations to the public, consumers are entitled to expect that those representations are complete and accurate,\u201d added Steinberg. \u201cConsumers deserve honesty and transparency when they make event purchasing decisions, particularly on platforms that market themselves as \u2018neutral marketplaces.\u2019 We believe the facts will demonstrate that these issues warrant careful judicial scrutiny, and we intend to prosecute the case aggressively on behalf of the proposed class.\u201d<\/p>\n

\n\tA rep for StubHub declined to comment on the matter on Monday. In a statement to CBC <\/em>for Friday\u2019s story, a company spokesperson said Baker\u2019s ownership in and involvement with Andro Capital \u201chas been fully disclosed in StubHub\u2019s public SEC filings.\u201d<\/p>\n

\n\tStubHub went public on the New York Stock Exchange in September 2025 at $23.50 per share. The stock price has since declined, leading investors to sue the company for allegedly concealing cash flow issues ahead of the IPO. StubHub denies those claims, saying its regulatory materials \u201ccontained detailed disclosures\u201d addressing all the intricacies of its business.<\/p>\n


\"Billboard
<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

StubHub has been hit with a class action lawsuit in the wake of reporting that its CEO is also the managing partner of a ticket broker that has […]<\/p>\n","protected":false},"author":1,"featured_media":11134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[4742,6893,8233,458,643,2724,303,556,1459,1453],"class_list":["post-11133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lawyers","tag-broker","tag-ceos","tag-customer","tag-faces","tag-fraud","tag-gig","tag-lawsuit","tag-side","tag-stubhub","tag-ticket"],"_links":{"self":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/11133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=11133"}],"version-history":[{"count":0,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/11133\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media\/11134"}],"wp:attachment":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=11133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=11133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=11133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}