The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who purchased Live Nation Entertainment, Inc. (NYSE: LYV) securities between February 23, 2017 and March 30, 2018.
According to the LYV lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company failed to abide by the terms of the Consent Decree; (2) the Company lacked adequate internal controls to prevent a violation of the Consent Decree; (3) as a result of the foregoing, the Company's financial statements and statements about Live Nation's business, operations, and prospects, were materially false and misleading at all relevant times. 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.”
"Live Nation Entertainment"
If you suffered a loss in Live Nation Entertainment, Inc. you have until June 18, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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