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Live Nation to Pay $20M to Settle Lawsuit Claiming It Failed to Warn Investors About Antitrust Risks

Live Nation agreed to pay $20 million to settle an lawsuit claiming the concert giant failed to warn investors about the risk of antitrust problems.

Live Nation has agreed to pay $20 million to settle a lawsuit claiming the company failed to warn investors about the kind of anticompetitive behavior that ultimately led to the Justice Department’s sweeping antitrust case. The case, filed in August 2023 as a proposed class action, claimed that Live Nation had failed to disclose to investors that it had engaged in anticompetitive conduct that was “likely to incur regulatory scrutiny and face fines, penalties, and reputational harm.” As the government’s antitrust investigation was slowly revealed in the press — and then the blockbuster case was finally filed in May — Live Nation’s share price dropped, allegedly causing investors to face “significant” losses.

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