NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Live Nation Entertainment, Inc. (“Live Nation” or “the Company”) (NYSE: LYV) concerning possible violations of federal securities laws.
On April 1, 2018, The New York Times reported that the U.S. Department of Justice is investigating whether certain of Live Nation’s business practices are in violation of a consent decree negotiated in connection with the approval of Live Nation’s 2010 merger with Ticketmaster. The article reported that officials at the Department of Justice “have been reviewing complaints that Live Nation…has used its control over concert tours to pressure venues into contracting with its subsidiary, Ticketmaster.” Following this news, Live Nation’s share price fell from a close of $42.14 on March 29, 2018, to a close of $38.17 on April 2, 2018. To obtain additional information, go to:
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Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.