Live Nation Settles Concert Ticket Antitrust MDL

Law360, New York (May 16, 2012, 8:27 PM EDT) -- Live Nation Entertainment Inc. and Clear Channel Communications Inc. on Tuesday settled with plaintiffs in multidistrict litigation that incorporates 22 antitrust class actions, two months after a California federal judge threw out two of the actions for relying on outdated data.

The joint stipulation for a stay of the proceedings pending a finalization of the settlement did not provide any details of the deal. Concertgoers accused the companies of monopolizing the market for rock music tickets.

“The parties in all 22 actions have reached a global...
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