SAN DIEGO, Jan. 17, 2020 /PRNewswire/ -- Johnson Fistel, LLP is investigating potential
claims on behalf of Live Nation Entertainment, Inc. ("Live Nation
or the "Company") (NYSE: LYV) against certain of its officers
and directors.
On December 13, 2019, the Wall
Street Journal reported that the U.S. Department of Justice
("DOJ") was preparing to take legal action against Live Nation
based on allegations that the company sought to "strong-arm"
concert venues into using its market-dominant Ticketmaster
subsidiary. Those efforts would violate the terms of a settlement
agreement that Live Nation and Ticketmaster reached with the
government in 2010 as a condition of their merger. Under that
accord, the DOJ allowed the companies to combine, but required them
to abide by terms meant to preserve competition in the music and
ticketing industries. Following this news, Live Nation's share
price fell 7.3% to close at 64.34 on December 13, 2019.
Then on January 9, 2020, the
Wall Street Journal reported that Justice Department
antitrust enforcers submitted a court filing on January 8, 2020, stating the filing, "chronicles
instances in which six unnamed venues said they were told that
retaining the services of a Ticketmaster competitor would lead the
concert-promotion giant to stop booking acts at those venues. Some
of the venues said Live Nation retaliated against them for opting
to use a competing ticketing service."
If you are a long-term shareholder of Live Nation, you may have
standing to hold the Company harmless from the alleged harm
caused by the officers and directors of the Company by making them
personally responsible. You may also be able to assist in reforming
the Company's corporate governance to prevent future
wrongdoing.
If you are interested in learning more about the
investigation, please contact lead analyst
Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If emailing, please
include a phone number.
Additionally, you can [Click here to join this action]. There is
no cost or obligation to you.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past
results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[Click here to join this action]
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SOURCE Johnson Fistel, LLP