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Live Nation to pay $20 million to settle claims by shareholders in class action

Summary by Ground News

Live Nation has settled a lawsuit from investors who claimed that they were misled about the scope of the company’s legal vulnerability tied to allegedly anticompetitive business operations that led to the Justice Department filing an antitrust lawsuit that seeks to break up the Ticketmaster parent.

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Straight Arrow News

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Live Nation settles $20 million in shareholder class action lawsuit

Live Nation, the parent company of Ticketmaster, agreed to a $20 million settlement to resolve claims that it misled investors. The allegations centered on hiding legal risks related to anti-competitive practices and potential antitrust violations. Critics argue that Live Nation and Ticketmaster’s market dominance harms consumer choice and inflates ticket prices. The settlement is separate from an ongoing antitrust lawsuit by 40 states and the U…

12 hours ago

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Reuters

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Live Nation to pay $20 million to settle claims by shareholders in class action

Entertainment giant Live Nation has agreed to pay $20 million to settle a shareholder lawsuit accusing it of making misleading statements about industry competition and compliance with antitrust laws, artificially boosting its stock price.

2 days ago·United Kingdom

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Billboard

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Live Nation to Pay $20M to Settle Lawsuit Claiming It Failed to Warn Investors About Antitrust Risks

Live Nation agreed to pay $20 million to settle an lawsuit claiming the concert giant failed to warn investors about the risk of antitrust problems.

2 days ago·United States

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Los Angeles Times

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Live Nation settles lawsuit over claims it misled investors about legal risks

The suit claimed Live Nation misled investors when it said it 'does not engage in behaviors that could justify antitrust litigation.'

2 days ago·Los Angeles, United States

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The Hollywood Reporter

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Live Nation Reaches $20M Deal to Settle Investor Lawsuit Over Antitrust Concerns

The lawsuit from investors pointed to statements from the company downplaying allegations that it violated antitrust laws.

2 days ago·Los Angeles, United States

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TheTicketingBusiness News

Live Nation reaches $20m settlement over antitrust lawsuit

The investors filed the lawsuit in 2023, claiming that they had been misled on the extent of Live Nation’s legal vulnerability tied to allegedly anticompetitive business operations. Last Friday (March 21), lawyers on both sides informed the court that the $20m deal represented a “fair, reasonable, and adequate” resolution to the case. The plaintiffs’ lawyers said they agreed to settle the case because of the “substantial financial benefit” the d…

22 hours ago

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