Live Nation Sues Lloyd's Over Canadian Class Defense

Law360, New York (July 6, 2011, 4:11 PM EDT) -- Online ticketing company Live Nation Entertainment Inc. and several subsidiaries sued Lloyd's of London syndicate Beazley Furlonge Ltd. and other underwriters in California state court on Friday, seeking indemnification in five Canadian class actions and around $10 million in damages.

Live Nation subsidiary Ticketmaster Entertainment LLC is currently the target of five class actions in Canada, for which the Lloyd's underwriters are bound to defend and indemnify the company under the terms of Live Nation's professional liability insurance policy, according to the complaint.

Ticketmaster duly notified...
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