AIG Off Hook For Live Nation Antitrust Suits: 9th Circ.

Law360, New York (February 24, 2009, 12:00 AM EST) -- A federal appeals court has upheld the dismissal of a suit Live Nation Inc. filed against American International Group Inc. subsidiary Illinois National Insurance Co. seeking a declaration that the insurer had a duty to defend in 22 consumer class actions now in an antitrust multidistrict litigation over concert promotion.

The U.S. Court of Appeals for the Ninth Circuit affirmed the dismissal of Live Nation's declaratory judgment in a memorandum issued on Friday.

The suit was filed in April 2007, and on Sept. 28, 2007, Judge...
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