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Live Nation says it will fight monopoly suit loss

After a jury found that Live Nation-Ticketmaster violated antitrust law on several counts, the company warns in a blog post that the verdict "is not the last word on this matter." The company plans to renew a motion for the judge to issue a ruling...

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Live Nation says it will fight monopoly suit loss
Source: The Verge
An illustration of event tickets and a gavel.

After a jury found that Live Nation-Ticketmaster violated antitrust law on several counts, the company warns in a blog post that the verdict "is not the last word on this matter."

The company plans to renew a motion for the judge to issue a ruling against the states, claiming that they did not prove their case as a matter of law. It also awaits the court's decision on a separate motion to strike the testimony of one of the states' expert witness, whose analysis they say helped inform the jury's damages award. The jury found that Ticketmaster overcharged consumers $1.72 per ticket.

"Of course, Live Nation can and will appeal any unfavorable …

Read the full story at The Verge.

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