College basketball fans whose route to getting rich involved winning the $1 billion bracket challenge will instead have to pursue another avenue.

According to CNN Money's Ben Rooney, the brainchild of Berkshire-Hathaway CEO Warren Buffett, Quicken Loans and Yahoo is dead in the water. Rooney reported that a series of lawsuits between the three parties led to the challenge's stoppage.

Quicken Loans spokesperson Aaron Emerson released a statement to Benzinga's Javier Hasse (via Bleacher Report - College Basketball
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