Reported 6 months ago
Following the U.S. government and states' lawsuits to break up Live Nation and Ticketmaster, the first consumer antitrust lawsuit has been filed in Manhattan federal court seeking $5 billion in damages on behalf of ticket purchasers. The lawsuit accuses Live Nation of monopolizing the live events industry and stifling competition. Legal experts note that while proving antitrust cases to juries can be challenging, the case may resonate with consumers concerned about ticket prices. The Justice Department's prior case in 2010 involving Live Nation's merger with Ticketmaster is being cited, raising legal and factual questions about potential remedies.
Source: YAHOO