U.S. Justice Department and Live Nation reach settlement over illegal monopoly case
BNN Bloomberg
U.S. Justice Department lawyers announced Monday that they’d reached a settlement in their antitrust lawsuit against Ticketmaster and its parent company, Live Nation Entertainment, in a case that alleged an illegal monopoly over live events in America. But it remained possible that some states might continue a trial on their own.
The announcement by the Justice Department at the start of the trial in federal court in Manhattan was greeted angrily by Judge Arun Subramanian, who said no one informed him of the tentative deal until late Sunday even though a term sheet for a possible settlement was signed on Thursday.
“It’s entirely unacceptable,” he said.
Adam Gitlin, a lawyer for the District of Columbia, said the states were requesting a mistrial, although the state of Texas had expressed “serious concerns” about the deal between the U.S. and Live Nation and states have not yet agreed to the deal.
David Marriott, a lawyer for Live Nation, said the company opposed a mistrial and believed it should proceed.
The Department of Justice and Live Nation didn’t immediately respond to requests by The Associated Press for comment.
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