A New York ticket buyer filed a proposed class action suit against Ticketmaster and its parent company Live Nation on Thursday, alleging consumers are forced to pay high prices because the company has used its market power to charge “excessively high fees”—a suit that came the same day the U.S. government sued Ticketmaster and Live Nation for similar antitrust issues.
A New York ticket buyer filed the class action suit Thursday—the same day the Department of Justice ... [+]
Abraham Leifer, the plaintiff in the case, alleges all consumers of tickets at major concert venues are impacted by Live Nation’s monopoly, which has been in place since it purchased Ticketmaster in 2010.
The suit was filed on behalf of all consumers who have bought tickets from resale sites after they were originally sold on Ticketmaster, arguing Live Nation’s alleged monopoly power has pushed up prices in the “secondary” ticket sale market by limiting competition among resale sites and passing on high fees.
The lawsuit was filed in Manhattan on the same day the Department of Justice filed an antitrust suit against Live Nation, alleging the company and its subsidiaries have used a number of tactics to “eliminate competition and monopolize markets.”
Forbes has reached out to Live Nation for comment.
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