According to the Complaint, Live Nation Entertainment, Inc. is a live entertainment company and concert and ticketing platform operating in 48 countries. Live Nations owns, operates, and has exclusive booking rights for a number of global venues and claims to be one of the world’s leading artist managements companies. Through Ticketmaster, Live Nation provides ticket sale and resale services for concerts, sporting events, performing arts experiences, festivals, museums, and theaters.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that Live Nation engaged in anticompetitive conduct, including charging high fees and extended contracts with talent, and retaliated against venues; (2) that, as a result, Live Nation was reasonably likely to incur regulatory scrutiny and face fines, penalties, and reputational harm; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On October 18, 2023, the Court issued an Order approving Co-Lead Plaintiffs and their Counsel. Lead Plaintiffs filed an amended Complaint on November 30. Defendants filed Motions to Dismiss the amended Complaint on December 22.

On February 23, 2024, the Court issued an Order denying Defendants' Motions to Dismiss.

Lead Plaintiffs filed a second amended Complaint on March 14, 2025.

On March 21, 2025, the parties entered into a Stipulation and Agreement of Settlement.