Saturday, January 11

More Heat on Live Nation: Company Faces Investigation from Former Louisiana Attorney General

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Live Nation is under with previous Attorney General of , whose is examining the and specific over presumably incorrect or deceptive declarations about Live Nation' .

Previous Attorney General of Louisiana, Charles C. Foti, Jr., Esq., reveals that the law office of Kahn Swick & & Foti LLC (KSF), of which he is a , has actually opened an into Live Nation . KSF's examination concentrates on whether Live Nation's officers or directors breached their fiduciary responsibilities to its or otherwise breached state or federal .

A securities class was submitted versus Live Nation and specific executives in August 2023, declaring that the made “materially incorrect and/or deceptive declarations, in to stopped working to divulge negative truths about the business's company, operations, and potential .”

Particularly, the claim asserts that Live Nation stopped working to reveal its anticompetitive conduct, consisting of high and extended with , in addition to striking back versus places. As an outcome, the business was “fairly most likely to sustain regulative examination” and with and charges. The commanding that rejected Live Nation's movement to dismiss, enabling the case to progress.

KSF functions as among the 's premier store securities lawsuits law practice and serves a range of customers– consisting of institutional , hedge , supervisors, and financiers– in looking for healings for from business or impropriety by openly traded business.

of KSF's examination into Live Nation begins the heels of investors taking action against the occasion and ticketing corporation, arguing that Live Nation must be required to reveal the continuous public pressure arising from federal examinations into its practices.

Even more, investors presume that the business ought to divulge just how much its monetary is credited to its supremacy in the live , rather than need for tickets.

Lawyers representing the investors because case are focusing particularly on utilized within Live Nation's investor , which especially glossed over the positioned by a federal examination. A federal rejected Live Nation's movement to dismiss that suit at the end of February, making it possible for the case to progress.

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