Live Nation Issues Statement Contesting Jury Verdict

Live Nation Entertainment issued a statement contesting a federal jury’s verdict ruling that the company had illegally monopolized the live events industry and overcharged fans for tickets to music performances.

• “The jury’s verdict is not the last word on this matter,” the company said in a statement. “Pending motions will determine whether the liability and damages rulings stand”
• Live Nation to renew its motion for judgment as a matter of law
• There is also a pending motion to strike the damages testimony on which the jury’s award was based
• “Live Nation can and will appeal any unfavorable rulings on these ...