Ticketmaster Strikes $16M Deal Over Fan Scam Claims

Law360, New York (October 18, 2011, 2:17 PM EDT) -- Ticketmaster Entertainment Inc. could pay up to $16.5 million to settle allegations that it tricked a class of customers into buying more expensive concert tickets from a scalping website it owned, according to a proposed settlement filed Monday.

Ticketmaster and its subsidiary, TicketsNow.com Inc., will also pay $2.5 million in attorneys' fees to class counsel, according to a preliminary motion for approval filed by the plaintiffs in California federal court.

The allegations are largely similar to those that landed Ticketmaster in trouble with the New Jersey...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.