"New York Attorney General Letitia James also pushed back on the settlement, saying it 'fails to address the monopoly at the centre of this case, and would benefit Live Nation at the expense of consumers.' Fans and politicians had intensified calls to examine Live Nation's 2010 acquisition of Ticketmaster after the company subjected Taylor Swift fans to hours-long online queues while charging high prices for tickets to her 2022 Eras tour."
"U.S. District Judge Arun Subramanian questioned why the parties had not informed the court sooner about the settlement, which was signed on Thursday. An attorney for the Justice Department said she was not aware of the settlement as the trial proceeded on Friday."
"The development throws the case into chaos in the middle of what was to be a weeks-long trial. New York and 38 other states plus Washington, D.C., also have claims against Live Nation. An attorney for Washington moved for a mistrial on behalf of the states."
Live Nation Entertainment has proposed a settlement with the U.S. Justice Department in an antitrust case, causing significant disruption to an ongoing trial. The company is also negotiating with state attorneys general for a broader resolution of state-level claims. New York and 38 other states plus Washington, D.C., have filed separate antitrust claims against Live Nation. The settlement, signed Thursday, was not disclosed to the court until Monday's hearing, prompting the judge to question the delayed notification. New York Attorney General Letitia James criticized the settlement, arguing it fails to address the core monopoly issues and would benefit Live Nation over consumers. The case stems from concerns about Live Nation's 2010 acquisition of Ticketmaster and subsequent ticket pricing practices.
#antitrust-settlement #live-nation-ticketmaster #doj-litigation #monopoly-investigation #ticket-pricing
Read at www.cbc.ca
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