Investors Say Live Nation’s Iffy Compliance Made Stock Drop

Law360 (April 19, 2018, 4:46 PM EDT) -- The entertainment behemoth created by the $2.5 billion merger of Live Nation and Ticketmaster failed to tell shareholders that it may have violated a consent decree with the U.S. Department of Justice that greenlighted the deal by bullying venues into exclusive contracts, an investor said in a proposed class action filed Wednesday in California federal court.

Kathryn A. Poser’s complaint says Live Nation Entertainment Inc.’s stock dropped 10 percent after a New York Times story April 1 outlined complaints from competitors alleging Live Nation has browbeaten venues into contracting with Ticketmaster in possible violation of a 2010 deal with federal authorities...

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