Concert giant of monopolistically inflating ticket prices and hurting artists in suit now including 26 states and DC
Attorneys general from about two dozen US states are going after three times the monetary damages originally sought against Live Nation Entertainment and its ticket-selling unit, Ticketmaster. In an updated version of a lawsuit first filed in May, the states allege the concert giant monopolized markets across its industry.
The attorneys general had sought damages under state law in the initial version of the lawsuit. By adding claims under the federal anti-monopoly law, states can seek three times the monetary damages, a penalty for especially egregious conduct known as treble damages.
