A judge has rejected a proposed class action against StubHub and CEO Eric Baker over Baker’s ownership of ticket-broker fund Andro Capital, ruling that the claims must be handled through private arbitration. The decision concerns the legal forum, not whether the allegations—that customers may have paid more because of undisclosed relationships—have merit.

The lawsuit was brought by Louis Sanquini after he bought tickets to a KISS concert at Madison Square Garden. Andro Capital has sold secondary-market tickets on StubHub since 2008 and reportedly made more than $5 million through the platform since 2022; StubHub disclosed Baker’s ownership before its $758 million flotation and says the fund accounts for only a small share of revenue. Sanquini’s lawyer plans to pursue individual arbitration claims, while House Democrats are separately examining the company’s relationship with Andro Capital for possible market manipulation or self-dealing.