Concert giant of monopolistically inflating ticket prices and hurting artists in suit now including 26 states and DC
Attorneys general from about two dozen US states are going after three times the monetary damages originally sought against Live Nation Entertainment and its ticket-selling unit, Ticketmaster. In an updated version of aThe attorneys general had sought damages under state law in the initial version of the lawsuit. By adding claims under the federal anti-monopoly law, states can seek three times the monetary damages, a penalty for especially egregious conduct known as treble damages.
The New York attorney general, Letitia James, said in a statement that her office is seeking damages for what state residents were overcharged by Live Nation and Ticketmaster. Indiana, Iowa, Kansas, Louisiana, Mississippi, Nebraska, New Mexico, South Dakota, Utah and Vermont joined the lawsuit, boosting the total to 39 states, the District of Columbia, and the Department of Justice.
Live Nation has said it will fight the allegations in court. The company did not immediately respond to a request for comment on Monday.The justice department said in court papers that the “vast scope” of Live Nation and Ticketmaster allowed them to “insert themselves at the center and the edges of virtually every aspect of the live music ecosystem”.
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