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Live Nation settles all 22 class action lawsuits

By  |  May 17, 2012

Live Nation revealed in a filing that it has agreed to settle all 22 of the class action lawsuits it was facing across the country. The class actions alleged that Live Nation monopolized the market for rock concert tickets. The original lawsuit had been broken up into 22 cases in 2006, as Live Nation had contended that the relevant geographic market was not national.

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    In March, U.S. District Judge Stephen Wilson had granted Live Nation Entertainment’s motion for summary judgment in the Los Angeles and Denver cases. He found that the plaintiffs’ lead expert Owen Phillips offered an inadmissible definition of the relevant product market.

    The terms of the settlement have yet to be disclosed.

    Full content: Bloomberg Businessweek

     

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