Live result agreed to a $ 20 million settlement with investors to claim that the company did not reveal the risks of commercial practices that were exposed to the company to combat federal monopoly.
Representatives of the living nation refused to comment on the settlement.
The settlement comes after a lawsuit in 2023, accusing a giant of promotion of Beverly Hills parties of lying about commercial practices, including imposing high fees, collecting service and taking revenge on places that used ticket tickets service. The lawsuit claimed that these practices were subjected to the company to legal risks, including the Ministry of Justice’s achievement in the aftermath of Taylor Swift on a tour of the tour of the sale, which later led to a federal lawsuit to combat monopoly, the call for the disintegration of the living nation, the parent company of Ticketmaster.
The class work suit claims that the living nation has misled investors when he said it “does not participate in behaviors that can justify litigation to combat monopoly, not to mention orders that require this to change basic commercial practices.” The lawsuit claimed that these practices have been said that these practices may “incur organizational scrutiny, the fines of confrontation, penalties, and reputation damage.”
In 2019, the Ministry of Justice said that Live Nation had violated the conditions of its merger for the year 2010 with TicketyMaster by assigning places using the Ticketmaster ticket platform if they wanted to reserve the livelihood of the living nation and take revenge on the places that refused.
The semester suit included investors who bought Live Nation shares from February 23, 2022, to May 22, 2024, and incurred losses. On Friday’s file, both sides of the settlement made a “fair, reasonable and sufficient” decision.
