Live Nation Sues Ex-Chair Over Noncompete Payout

Law360, New York (November 22, 2010, 2:46 PM EST) -- Live Nation Worldwide Inc., the world's largest concert promoter, has sued former Chairman Michael Cohl for allegedly failing to pay $5.35 million to retain certain tour promotion rights and to be released from a noncompete clause in his employment contract.

 

Cohl agreed to pay Live Nation $9.85 million when he left the company in 2008 in exchange for the right to continue promoting tours by the Rolling Stones, Pink Floyd, Genesis and Barbara Streisand, according to a purchase agreement appended to the complaint filed by...
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Case Information

Case Title

Live Nation Worldwide, Inc. v. Cohl et al


Case Number

1:10-cv-24144

Court

Florida Southern

Nature of Suit

Contract: Other

Judge

Cecilia M. Altonaga

Date Filed

November 18, 2010

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