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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