LOS ANGELES (VIP NEWS) — A federal court has ruled in favor of Live Nation Entertainment in an antitrust lawsuit filed in 2009 by promoter Seth Hurwitz.
The lawsuit alleged violations of federal and state antitrust laws, arguing that Live Nation had deliberately and illegally acquired a monopoly on the market.
The Maryland court dismissed the claims, effectively rejecting allegations that Live Nation coerced any artists, violated any antitrust laws, or engaged in any anti-competitive conduct.
"We are very pleased with the judge`s ruling, which we believe validates Live Nation`s business approach and practices, and which aligns with our long-standing belief that the accusations made in this case were completely false," said Live Nation in a statement. "We feel vindicated that the court was able to see through the baseless allegations by a rival promoter and recognize that the claims of anti-competitive conduct had no merit.
"Our focus is, and will continue to be, providing a world-class live music experience for artists and their millions of fans." –According to MusicWeek