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...
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