Live Nation Ruled A Monopoly
Live Nation Verdict: A Manahattan jury has found Live Nation and subsidiary Ticketmaster have engaged in harmful monopoly practices in a lawsuit brought by more than 30 U.S. states. According to AP, the judge has asked both sides for a proposal on remedies, due by late next week. The case was originally brought by the federal government, which settled its claims last month, as did several states. In a statement, New Jersey Attorney General Jennifer Davenport said the bipartisan group of attorneys general pursuing the case "will continue to do everything in our power to ensure that Live Nation cannot continue to harm consumers, artists, and venues. We are committed to protecting our residents from illegal monopolies and restoring competition in the live music marketplace."
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