Does Riot owe you anything for $ spent on in-game purchases after a permaban?
I see a lot of people complaining about their permabanned accounts and how they spent X dollars on their account purchasing RP so Riot must refund them their money.
**The answer is no. **
You don't own your account. You don't own skins. You don't own champs. You do not own icons. You don't own the hextech loot items (any and all things earned and/or used in the hextech loot crafting system). Riot owes you no money when you violate the EULA and/or TOS and get your account permabanned.
Stop trying to get people's support because you spent money. When you agreed to the EULA and TOS, you agreed to let Riot revoke your license to Riot's intellectual property when you break their rules.
Long answer: When you download and play League of Legends, you are agreeing that you are entering into a licensing agreement and you don't actually own anything. You are just accessing their things. That big thing you click agree to without reading.... yeah, that's a limited licensing agreement.
Now some are going to say "but wait, I purchased RP from Riot!" If you read your EULA and TOS, you actually licensed RP from Riot. You purchased a license to use the in game item called "RP," which is an in game currency to access materials. You don't own that RP.
This RP purchasing system is most likely done for convenience sake so that they aren't burdened with micro-transactions with financial institutions for buying 1 skin and buying 1 chest and buying 1 icon and potentially getting hit with fees three times.Sometimes processing companies that do % fees and sometimes they do a flat fee and sometimes they do a mix. So for convenience sake, they say "everything has a RP value, so once you license the RP, you choose how to use it" and potentially get hit once with a fee. I'm not privy to their finances but for argument sake, say they have a flat $0.25 fee for each transaction. It ends up being crappy to get hit for $0.25 for something that costs $0.50. Three $0.50 purchases nets $0.75 vs getting a $1.50 purchase of RP and getting it by a $0.25 fee, making their net $1.25. Again this is just a hypothetical and I do not know their payment system, but there's at least one plausible explanation as to why the RP system is in place. It also probably has something to do with psychology of buying things. It's easier to crack down on purchases when you see a huge list of Riot purchases on your financial statements but one purchase every now and then makes it easier to justify.
Now, lets compare things you have accessed with RP to real life things.
Example 1: Compare this to a ticket to an amusement park. Your ticket is your license to access the park, just RP is a license to access in game content. It's understood that there are park rules and they're posted. This is like the EULA and TOS. Even though you may not know the rules word for word, you have a general understanding that you shouldn't do certain things in the park. So with that ticket (ie your LOL account) you have access to several different rides (maps, champs, skins, etc). Just because you bought an all day ticket and went on one ride over and over all day long, and then started screaming and harassing other patrons, doesn't mean you can't get kicked out. If you're screaming at other amusement park patrons and harassing them, the park can revoke your license to enter and remain in the park (ie kick you out) and keep your money. When you get kicked out, you can't say "well I didn't use the pass to access other parts of the park so you owe me a refund for the unused portion of my pass." You chose to not spend all of your RP before being a jerk and so when your license is revoked, it's your fault for not using the RP to the fullest extent while you had the license and access to it. The park owes you nothing after kicking you out for breaking their rules. Riot owes you nothing for permabanning you when you break their rules.
If you don't understand the previous analogy Example 2: Compare it to a lease to an apartment. Riot owns the apartment building and you are leasing a fully furnished room there. The lease is the EULA & TOS and the apartment is your account. You can all go down to the rec rooms and go into your lanes and play with each other. There's also a costume store that lets you rent costumes for an unlimited amount of time so you look cooler to your friends when you're playing with them. At the end of the day, even though you're spending real money renting an apartment and renting a costume, you don't own that apartment and you don't own that costume. If the lease says that you can't run up to fellow tenants and scream and harass other tenants, then you can be evicted from that apartment complex if you do scream and harass them. You agreed to those terms in your lease and agreed to let Riot be the judge, jury, and executioner in your lease. When you get evicted from an apartment, the apartment complex owes you nothing for the money you spent while living in their space. You don't get a refund for the years you spent living there. The apartment complex owes you nothing after you broke their rules and got evicted. Riot owes you nothing for permabanning you when you break their rules.
You have a limited license to access Riot's intellectual property. You do not own anything and you even agreed to let Riot revoke your access to their game and content for breaking their rules. You are responsible for your own actions and if your actions lead to a revocation of the license to access their game and content, then it's your fault you lost money. If you spent money you should do everything you can to make sure you can keep accessing that stuff by not being a toxic player because you don't own anything here.
EDIT: There are several posts about lack of testing the case law and not reading subsequent comments on all of the pages so here are the links:
last year someone tried to sue another big company.
Here is the complaint: https://assets.documentcloud.org/documents/2943889/july7filing.pdf (click on the icon)
Here is the case progression: https://www.pacermonitor.com/public/case/15127781/CB_v_Valve_Corporation
The case was voluntarily dismissed by the cheater who used third party programs and lost their skins after the permaban. As stated in the comments, in Federal Court, if you lose, in many cases, the losing party has to pay the winning party's legal fees. In a voluntary dismissal, you can almost always get the case dismissed to have each party bear their own costs, which means they only pay their own legal fees and walk away. In many cases with large companies, legal fees through trial can be in the millions. Each firm bills at different rates but I can tell you it's very expensive.