Class Actions Accuse Clear Channel Of Illegal Monopoly

Law360, New York (April 28, 2006, 12:00 AM EDT) -- Entertainment company Clear Channel Communications has been hit with a bevy of class action antitrust lawsuits alleging that the company and its subsidiaries conspired to limit competition for concert promotion services.

The suits, which have been filed in district courts across the country, were recently consolidated in the U.S. District Court for the Central District of California.

The complaints allege that through mergers and takeovers, Clear Channel has built a concert promotion monopoly that has driven up ticket prices and limited concert offerings.

Several of the...
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.