Live Nation Faces Consumer Class Action as Well as DOJ Lawsuit

Live Nation Entertainment Inc. is facing a proposed consumer class action that alleges unfair predatory ticket pricing in the live music event market space, following the Justice Department’s pursuit to break up the company over antitrust violations.

Abraham Leifer claims that since the 2010 merger of Live Nation and Ticketmaster, the entities have collectively built a monopoly and “juggernaut trust” over three major economic markets in the US within the live concert and event space: concert promotion for major concert venues, as well as primary and secondary ticketing services for major concert venues.He filed the complaint in the US District ...