Live Nation Entertainment and subsidiary Ticketmaster have lost their bid to force consumers to bring claims of inflated ticket prices in a novel 'mass' arbitration, as a U.S. judge questioned the fairness of the process.
Aug 11 - Live Nation Entertainment
Wu's Thursday ruling in the consumer antitrust suit over Live Nation's ticket prices comes as the company faces legal and regulatory scrutiny over its handling last year for Taylor Swift's "The Eras" tour. A surge in demand for tickets overwhelmed the company's website. Wu is presiding over an antitrust lawsuit that SwiftA representative from Live Nation and a lawyer for the company did not respond to messages seeking comment. The company has denied any liability.
Wu questioned the "unchecked power" of the arbitrator to group cases together. He also said limitations on evidence-gathering were "wholly inadequate for claimants to even begin to prove their case," and he faulted the limited right to appeal.
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