Shareholder Class Action Filed Against Live Nation Entertainment, Inc.

Live Nation investors may receive additional information about the case by clicking the link "Submit Your Information" above.

According to the complaint, Live Nation produces live concerts and sells tickets to those events over the internet. The company owns and operates over 195 venues throughout the world. The company significantly expanded its ticketing services with the purchase of Ticketmaster Entertainment ("Ticketmaster") in 2010. During the course of acquiring Ticketmaster, Live Nation agreed to the terms of an antitrust consent decree (the "Consent Decree") with the Department of Justice. The Consent Decree contained specific rules to prevent the company from monopolizing live music promotion and ticketing.

The Class Period commences on February 23, 2017, when Live Nation filed its annual report on Form 10-K for the period ended December 31, 2016. The company stated that, "we believe that we are materially in compliance with [federal, state and local laws]…governing primary ticketing and ticket resale services."

According to the complaint, on April 1, 2018, The New York Times published a story entitled "Roster of Stars Lets Live Nation Flex Ticket Muscles, Rivals Say." The article alleged that Live Nation failed to abide by the terms of the Consent Decree aimed to prevent it and Ticketmaster from monopolizing the market for live musical performances.

Following this news, Live Nation's stock price fell $3.97 per share, or almost 10%, to close at $38.17 per share on April 2, 2018. The following trading session, Live Nation stock continued its decline, dropping $1.56 per share, or over 4%, to close on April 3, 2018 at $36.61 per share.

The complaint alleges that, throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that:  (1) that the company failed to abide by the terms of the Consent Decree; (2) that the company lacked adequate internal controls to prevent a violation of the Consent Decree; and (3) that, as a result of the foregoing, the company's financial statements and the defendants' statements about Live Nation's business, operations, and prospects, were materially false and misleading at all relevant times.

If you are a member of the class described above, you may no later than June 18, 2018 move the Court to serve as lead plaintiff of the class, if you so choose.

A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of their choice, or may choose to do nothing and remain an inactive class member.

Kessler Topaz Meltzer & Check, LLP has not filed a complaint in this matter. If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at [email protected]. For more information about Kessler Topaz Meltzer & Check, LLP, please visit our website at https://www.ktmc.com. If you would like additional information about the suit, please fill out the attached form as promptly as possible and return it by fax to 610-667-7056, or by mail in the enclosed envelope.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
1-888-299-7706 (toll free) or 1-610-667-7706 or by e-mail at [email protected]