Scott+Scott Attorneys at Law LLP ("Scott+Scott"), an international securities and consumer rights litigation firm, is investigating certain directors and officers of Live Nation Entertainment, Inc. ("Live Nation") (NYSE: LYV) for breaching their fiduciary duties to Live Nation and its shareholders. If you are a Live Nation shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or email@example.com.
In 2010, a consent decree was reached with the federal government in connection with the merger of Live Nation and Ticketmaster. Under the 2010 consent decree with the U.S. Department of Justice ("DOJ"), Ticketmaster was required to license its primary software to a competitor and was barred from retaliating against venue owners who use a competing ticket service.
Scott+Scott is investigating whether Live Nation’s board or directors or senior management caused Live Nation to violate the 2010 consent decree, in breach of their fiduciary duties to Live Nation, and whether Live Nation has suffered damages as a result.
On December 13, 2019, Reuters reported that the DOJ was preparing to take action against Live Nation for violations of the 2010 consent decree and that the concert promoter may have strong-armed concert venues into using its dominant Ticketmaster subsidiary. Reuters further reported that the DOJ now plans to extend the consent decree, currently set to expire next year, by several years to prohibit Live Nation’s coercive conduct.
What You Can Do
If you are a Live Nation shareholder, you may have legal claims against Live Nation’s directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at 844-818-6982 or firstname.lastname@example.org.
Scott+Scott has significant experience in prosecuting major securities, antitrust, and consumer rights actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, and Ohio.