NEW YORK, Dec. 18, 2019 /PRNewswire/ -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, is investigating potential claims against Live Nation Entertainment, Inc. (NYSE: LYV) on behalf of Live Nation stockholders. Our investigation concerns whether Live Nation has violated the federal securities laws and/or engaged in other unlawful business practices.
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On December 13, 2019, the Wall Street Journal reported that the U.S. Department of Justice ("DOJ") was preparing to take legal action against Live Nation based on allegations that the company sought to "strong-arm" concert venues into using its market-dominant Ticketmaster subsidiary. Such efforts would violate the terms of a settlement agreement that Live Nation and Ticketmaster reached with the government in 2010 as a condition of their merger. Under that agreement, the DOJ allowed the companies to combine, but required them to abide by conditions meant to preserve competition in the music and ticketing industries.
On this news, Live Nation's share price fell $5.09 or 7.3% to close at $64.34 on December 13, 2019.
If you purchased or otherwise acquired Live Nation shares and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
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