LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Live Nation Entertainment, Inc. (“Live Nation” or the “Company”) (NYSE: LYV) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On December 13, 2019, Wall Street Journal reported that the U.S. Department of Justice (“DOJ”) was preparing legal action against Live Nation for seeking to “strong-arm” concert venues into using its Ticketmaster subsidiary. Such efforts would violate the terms of a 2010 settlement agreement under which the DOJ allowed Live Nation and Ticketmaster to combine but required them to abide by certain conditions meant to preserve competition in the music and ticketing industries.
On this news, Live Nation’s share price fell $5.09 per share, or more than 7%, to close at $64.34 per share on December 13, 2019, thereby injuring investors.
If you purchased Live Nation securities, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles H. Linehan, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9224, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.
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