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Live Nation Stocks Take a Hit Following Reports of Pending DOJ Action

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Live Nation shares closed down 7.3% on Dec. 13 following news of a pending Department of Justice legal action

over allegations the company has unfairly used its concert promotion business to pressure venues to use Ticketmaster, a wholly owned subsidiary of Live Nation. Shares closed at $64.34, down $5.09 on the day. The news was first reported by theNumerous tremors preceded the DOJ’s decision to charge Live Nation, the world’s largest concert promoter, for allegedly using its concert promotion business to pressure concert venues to be customers of its Ticketmaster division.

As the DOJ goes, so go stock prices. Delrahim’s statement in August sent Live Nation’s otherwise rising share price down 5.8% -- though it had fully recovered by Oct. 7. And even with the Dec. 13 decline, Live Nation shares have increased 30.6% this year.

 

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The DOJ should really excuse themselves from any more Trump related director's issues. Its unfairly ran as is the FBI the CIA and any other government ran establishment than is owned by the people. A president does what's right for the people not for self promotion or gain.

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Ticketmaster owner Live Nation falls on report of planned DOJ action for alleged merger agreement violationThe DOJ believes the company's actions violate its 2010 merger agreement when it acquired Ticketmaster, sources told the Journal. Hi, are you looking for amazing and unique You are in the right place... For order: If you are a rep/senator/potus or his/her admin you should not be allowed to invest in the stock market due to conflict of interests.
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Report: Live Nation Facing Legal Action For Allegedly Violating Merger AgreementThe Department of Justice (DOJ) plans legal action against ticketing provider Live Nation for allegedly forcing venues to use subsidiary Ticketmaster, according to report by lisettevoytko lisettevoytko FINALLLLLYYYYY lisettevoytko Hey PearlJam wanna take this one?
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