"Rumanes was, simply put, promised one job and forced to accept another. And then he was cut loose for insisting on doing that lesser job with integrity and honesty."
"The lawsuit describes a 'culture of deception' at Live Nation, saying its 'basic business model was to misstate and exaggerate financial figures in efforts to solicit and secure business.'"
"Such practices spanned a wide spectrum of projects in what appeared to be a company-wide pattern of financial misrepresentation and misleading disclosures."
"Rumanes contends that the company violated a federal law that required accurate financial reporting."
Nicholas Rumanes, a former executive at Live Nation, claims he was wrongfully terminated after raising alarms about financial misconduct and improper accounting practices. He alleges he was misled into leaving a lucrative position to join Live Nation, only to be fired for insisting on integrity in his role. Rumanes describes a culture of deception within the company, claiming it misstates financial figures to secure business. He is seeking $35 million in damages for his termination.
Read at Los Angeles Times
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