Live Nation Wins Arbitration In CTS Contract Row

Law360, New York (June 12, 2013, 10:33 PM ET) -- Live Nation Entertainment Inc. said Wednesday an arbitrator ruled in its favor and tossed out claims that the company violated the implied covenant of good faith by breaking off a licensing agreement with ticket seller and live-performance manager CTS Eventim AG.

According to an announcement from Live Nation, the arbitrator ruled the company had validly terminated its agreement to license ticketing software from Germany-based CTS in June 2010, following the U.S. Department of Justice's approval of the merger of Live Nation and Ticketmaster Entertainment Inc. in...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required