LOS ANGELES and BALTIMORE, Feb. 20,
2015 /PRNewswire/ -- A federal court in Maryland yesterday ruled in favor of Live
Nation Entertainment, Inc. (NYSE: LYV) and summarily dismissed all
claims in a lawsuit filed in 2009 by It's My Party, Inc., and It's My Amphitheatre, Inc.,
whose principal is concert promoter Seth
Hurwitz. The lawsuit alleged violations of federal and
state antitrust laws.
In issuing summary judgment, the court invalidated key elements
of the plaintiffs' expert testimony, effectively rejecting
allegations that Live Nation coerced any artists, violated any
antitrust laws, or engaged in any anti-competitive conduct
whatsoever. The full text of the order can be found at
https://www.wsgr.com/PDFs/livenation-0215.pdf.
Live Nation issued the following statement regarding the
ruling:
"We are very pleased with the judge's ruling, which we
believe validates Live Nation's business approach and practices,
and which aligns with our long-standing belief that the accusations
made in this case were completely false. We feel vindicated that
the court was able to see through the baseless allegations by a
rival promoter and recognize that the claims of anti-competitive
conduct had no merit. Our focus is, and will continue to be,
providing a world-class live music experience for artists and their
millions of fans."
About Live Nation Entertainment
Live Nation Entertainment (NYSE: LYV) is the world's leading
live entertainment company comprised of global market leaders:
Ticketmaster, Live Nation Concerts, Live Nation Media &
Sponsorship and Artist Nation Management. For additional
information, visit www.livenationentertainment.com. Follow us
@twitter.com/LiveNationInc
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SOURCE Live Nation Entertainment