| COMPANY |
Live Nation Entertainment, Inc. |
| COURT |
United States District Court for the Central District of California |
| CASE NUMBER |
23-cv-06343 |
| JUDGE |
The Hon. Robert Gary Klausner |
| CLASS PERIOD |
February 23, 2022 and July 28, 2023 |
| SECURITY TYPE |
Securities |
Case Background:
This class action lawsuit has been filed on behalf of those who purchased or acquired Live Nation Entertainment, Inc. (“Live Nation”) (NYSE: LYV) securities between February 23, 2022 and November 20, 2023, both dates inclusive (the “Class Period”).
The Complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Live Nation engaged in anticompetitive conduct, including charging high fees and extended contracts with talent, and retaliated against venues; (2) as a result, Live Nation was reasonably likely to incur regulatory scrutiny and face fines, penalties, and reputational harm; and (3) as a result of the foregoing, Defendants’ positive statements about the company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Current Status of Case:
On December 22, 2023, Defendants filed a Motion to Dismiss the Complaint. The Court entered an Order Denying Defendants’ Motion to Dismiss. On March 27, 2024, Defendants filed an Answer to the Complaint. This action is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.