Live Nation Entertainment Inc. and dozens of states tried for days last week to settle an antitrust lawsuit accusing the company of illegally monopolizing the live entertainment market and overcharging concertgoers millions of dollars for tickets.
Despite a federal judge ordering settlement talks, only six states joined the Justice Department in reaching a deal, leaving more than 30 of them to continue with a trial that resumed Monday.
The Justice Department settlement — which stopped short of a breakup and allowed Live Nation to keep Ticketmaster — came as a shock to the states, Bloomberg News has reported. ...
