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Investigation announced for Investors in Live Nation Entertainment, Inc. (NYSE: LYV) over potential Wrongdoing

01-13-2020 09:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Live Nation Entertainment, Inc. (NYSE: LYV) shares over potential wrongdoing.

An investigation on behalf of investors in Live Nation Entertainment, Inc. (NYSE: LYV) shares over potential wrongdoing.

An investigation on behalf of current long-term investors in shares of Live Nation Entertainment, Inc. (NYSE: LYV) was announced over potential breaches of fiduciary duties by certain officers and directors at Live Nation Entertainment, Inc.

Investors who purchased shares of Live Nation Entertainment, Inc. (NYSE: LYV) and currently hold any of those NYSE: LYV shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Live Nation Entertainment directors breached their fiduciary duties and caused damage to the company and its shareholders.

Beverly Hills, CA based Live Nation Entertainment, Inc. operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments. Live Nation Entertainment, Inc. reported that its annual Total Revenue rose from $10.33 billion in 2017 to $10.78 billion in 2018 and that its Net Loss of $6.01 million in 2017 turned into a Net Income of $90.34 million in 2018.

On December 13, 2019,it was reported that the U.S. Department of Justice ("DOJ") was preparing legal action against Live Nation Entertainment, Inc. for seeking to "strong-arm" concert venues into using its Ticketmaster subsidiary. Such efforts would violate the terms of a 2010 settlement agreement under which the DOJ allowed Live Nation and Ticketmaster to combine but required them to abide by certain conditions meant to preserve competition in the music and ticketing industries.

Live Nation Entertainment, Inc. (NYSE: LYV) declined on Dec. 17, 2019 to as low as $62.91 per share.

Those who purchased shares of Live Nation Entertainment, Inc. (NYSE: LYV), have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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