LEGAL GUIDES FOR INVESTORS
LEAD PLAINTIFF recap: deadline to file motions for lead plaintiff QUICKLY APPROACHING IN The Live Nation class action lawsuit
If you suffered losses in Live Nation contact Live Nation stock loss lawyer Timothy L. Miles about a Live Nation lawsuit
The Live Nation class action lawsuit seeks to represent purchasers or acquirers of Live Nation Entertainment, Inc. (NYSE: LYV) securities between February 23, 2022 and July 28, 2023, inclusive (the “Class Period”). Captioned Donley v. Live Nation Entertainment, Inc., No. 23-cv-06343 (C.D. Cal.), the Live Nation class action lawsuit charges Live Nation and certain of its top executive officers with violations of Securities Exchange Act of 1934.
If you suffered losses in Live Nation stock and wish to serve as lead plaintiff in the class action against Live Nation, please provide your information below. You can also contact Live Nation Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected].
Lead plaintiff motions for the Live Nation class action lawsuit must be filed with the court no later than October 3, 2023.
ALLEGATIONS IN THE LIVE NATION CLASS ACTION LAWSUIT
Live Nation owns, operates, and has exclusive booking rights for a number of global entertainment venues. Through Ticketmaster, Live Nation provides ticket sales and resale services for concerts, sporting events, performing arts experiences, festivals, museums, and theaters. Live Nation and Ticketmaster merged in 2010 and subsequently agreed to a consent decree with the U.S. Department of Justice (“DOJ”) whereby Live Nation agreed to abide by a set of rules intended to preserve competition in the live events market. This consent decree is set to expire in December 2025.
The Live Nation class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Live Nation engaged in anticompetitive conduct, including charging high fees and extended contracts with talent, and retaliated against venues; and (ii) as a result, Live Nation was reasonably likely to incur regulatory scrutiny and face fines, penalties, and reputational harm.
On November 18, 2022, The New York Times reported that the DOJ had opened an antitrust investigation into Ticketmaster and Live Nation after the ticketing platform’s systems crashed during a highly anticipated presale for Taylor Swift tickets. On this news, the price of Live Nation stock declined nearly 8%.
Then, on February 23, 2023, NPR reported that, following Congressional hearings, the Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights wrote to the DOJ, presenting evidence that “Live Nation is harming America’s music industry.” The letter cited issues with Live Nation’s pricing models and fees, increasingly long contracts with competitors, and retaliatory behavior against artists and venues that don’t want to work with it. The senators “encourage[d]” the DOJ to take action if it found Live Nation had “walled itself off from competitive pressure at the expense of the industry and fans.” On this news, the price of Live Nation stock declined more than 10%.
Thereafter, on July 28, 2023, Politico reported that the DOJ “could file an antitrust lawsuit against [Live Nation and Ticketmaster] by the end of the year, according to three people with knowledge of the matter.” Politico further reported that the DOJ complaint is expected to allege that “the entertainment giant is abusing its power over the live music industry.” On this news, the price of Live Nation stock declined nearly 8%, further damaging investors who suffered losses in Live Nation stock.
WHAT IS THE LEAD PLAINTIFF PROCESS IN THE LIVE NATION CLASS ACTION LAWSUIT?
The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in Live Nation stock to seek appointment as lead plaintiff in the Live Nation class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.
A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit. An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. If you suffered losses in Live Nation stock, and have further questions, contact Live Nation stock loss Lawyer Timothy L. Miles today who will fight to recover your damages in a Live Nation class action lawsuit if you suffered losses in Live Nation stock.
CAN A NON-U.S. INVESTOR SERVE AS LEAD PLAINTIFF IN THE LIVE NATION CLASS ACTION LAWSUIT IF THEY SUFFERED LOSSES IN LIVE NATION STOCK?
Yes, courts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors. Thus, if a non-U.S. investor suffered losses in Live Nation stock, they may move the Court to be appointed lead plaintiff in the Live Nation class action lawsuit.
IF I SUFFERED LOSSES IN LIVE NATION STOCK, WHAT ARE THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE LIVE NATION CLASS ACTION LAWSUIT?
Serving as a Lead Plaintiff in the Live Nation class action lawsuit has several advantages and important benefits including:
Thus, there are numerous benefits and other advantages to serving as lead plaintiff in the Live Nation class action lawsuit if you suffered losses in Live Nation stock.
Live Nation class action lawsuit
No. Even if you suffered losses in Live Nation, if you purchased securities outside of the Class period, you will not be able to participate in the Live Nation class action lawsuit.
CONTACT A LIVE NATION STOCK LOSS LAWYER TODAY IF YOU SUFFERED IN LOSSES LIVE NATION STOCK ABOUT A LIVE NATION CLASS ACTION LOSSES LAWSUIT
If you suffered losses in Live Nation stock, contact Live Nation stock loss lawyer Timothy L. Miles today for a free case evaluation about the Live Nation class action lawsuit. Call today and see what a Live Nation stock loss lawyer can do for you if you suffered losses in Live Nation stock.
Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors,shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,Class Action: Class Action: Top 9National Trial Lawyers, National Trial Lawyers Association (2023), a superb ratedattorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more. Please visit our website or call for free anytime.
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529
Email: [email protected]
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