Live Nation Entertainment, Inc. (NYSE: LYV) Investor Securities Class Action Lawsuit 04/18/2018

If you purchased a significant amount of shares of Live Nation Entertainment, Inc. (NYSE: LYV) between February 23, 2017 and March 30, 2018, and / or if you purchased any NYSE: LYV shares prior to February 2017 and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: June 18, 2018. NYSE: LYV investors should contact the Shareholders Foundation , Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Live Nation
Case Name: 
Live Nation Shareholder Class Action Lawsuit 04/18/2018
Case Status: 
Lawsuit Filed
Affected Securities
NYSE: LYV
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
04/18/2018
Class Period Begin: 
02/23/2017
Class Period End: 
03/30/2018
Court of Filing: 
U.S. District Court for the Central District of California
Deadline To File for Lead: 
06/18/2018
Summary: 

An investor in shares of Live Nation Entertainment, Inc. (NYSE: LYV) filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by Live Nation Entertainment, Inc. in connection with certain allegedly false and misleading statements made between February 23, 2017 and March 30, 2018.

Beverly Hills, CA based Live Nation Entertainment, Inc. operates as a live entertainment company. Live Nation Entertainment, Inc. reported that its annual Total Revenue rose from over $8.35 billion in 2016 to over $10.33 billion in 2017 and that its Net Loss declined from $28.9 million in 2016 to $5.9 million in 2017. Shares of Live Nation Entertainment, Inc. (NYSE: LYV) grew from $18.77 per share in February 2016 to as high as $48.93 per share in February 2018.

On April 1, 2018, it was reported that the U.S. Department of Justice is investigating whether Live Nation Entertainment, Inc. engaged in anticompetitive behavior in violation of U.S. antitrust laws.S hares of Live Nation Entertainment, Inc. (NYSE: LYV) declined to $35.94 per share on April 4, 2018.

According to the complaint the plaintiff alleges on behalf of purchasers of Live Nation Entertainment, Inc. (NYSE: LYV) common shares between February 23, 2017 and March 30, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 23, 2017 and March 30, 2018, the Defendants failed to disclose that the Company failed to abide by the terms of a Department of Justice Consent Decree, that the Company lacked adequate internal controls to prevent a violation of the consent decree, and that, as a result of the foregoing, the Company’s financial statements and Defendants’ statements about Live Nation’s business, operations, and prospects, were materially false and misleading at all relevant times.