Learn English: Live Nation Settles Investor Lawsuit for $20 Million (normal)

1 week, 3 days ago

Live Nation Settles Investor Lawsuit for $20 Million

Live Nation, a huge concert promoter, has agreed to pay $20 million to settle a lawsuit from investors.

The investors argued that Live Nation didn't honestly disclose potential legal problems from its business strategies.

These strategies included things like high ticket fees, service bundling, and pressuring venues to use Ticketmaster.

The lawsuit claimed this deceptive behavior misled investors and led to their financial losses, resulting in the settlement.

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Source

Original: Los Angeles Times

Tags

#Live Nation #Ticketmaster #Antitrust Lawsuit #Investor Lawsuit #Concert Industry

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