"The jury found that Ticketmaster overcharged consumers $1.72 per ticket. Live Nation argues the up to $280 million it pledged in its settlement with the Justice Department and a handful of states will ultimately prove larger than the sum based on the jury award."
"Of course, Live Nation can and will appeal any unfavorable rulings on these motions. The company plans to renew a motion for the judge to issue a ruling against the states, claiming that they did not prove their case as a matter of law."
"We remain confident that the ultimate outcome of the States' case will not be materially different than what is envisioned by the DOJ settlement."
Live Nation-Ticketmaster has been found to violate antitrust laws, with a jury determining they overcharged consumers by $1.72 per ticket. The company intends to appeal the verdict and renew a motion against the states, claiming insufficient evidence. The damages awarded are limited to tickets from 257 venues, representing only 20 percent of total sales. Live Nation believes its settlement with the Justice Department will exceed the jury's award. A ruling on final damages and potential breakup is pending from Judge Arun Subramanian.
Read at The Verge
Unable to calculate read time
Collection
[
|
...
]