Live Nation Judge Orders Antitrust Settlement Talks With States
Bloomberg
A federal judge ordered states suing Live Nation to enter settlement talks after the DOJ reached its own agreement with the company.Summary
A New York federal judge has mandated settlement discussions between a coalition of states and Live Nation Entertainment Inc. regarding allegations of monopolistic practices within the live event industry. Judge Arun Subramanian denied a request for a mistrial filed by 27 states and Washington, D.C., following the Justice Department’s independent settlement with Live Nation. The judge is pushing for a potential resolution directly with the states, but has indicated that a jury trial could proceed as scheduled next week if settlement talks fail. The states allege Live Nation illegally monopolized the live event industry, and this order aims to explore a resolution outside of a potentially lengthy and costly trial.
(Source：Bloomberg)