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(Updates with labor agreement in fourth paragraph.)
Dec. 9 (Bloomberg) -- The National Basketball Association dropped its lawsuit seeking to block antitrust claims brought by the union that represents NBA players.
The league and the National Basketball Players Association on Nov. 26 announced an agreement in principle on a new labor deal, paving the way for an end to the lockout that forced the cancellation of part of the NBA season.
Both sides filed papers in Manhattan federal court today dismissing the suit, which was filed by the NBA in August. The league claimed the union was using the threat of antitrust litigation to extract better terms in contract talks.
The move came the day after payers and owners ratified a 10-year labor agreement, which will allow the season to start Dec. 25. The NBA will play a shortened 66-game season.
National Basketball Association v. National Basketball Players Association, 11-cv-05369, U.S. District Court, Southern District of New York (Manhattan).
--Editors: Fred Strasser, Peter Blumberg
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