Scher Non-Compete Lifted
Veteran promoter John Scher won a big round in court in his ongoing battle with Clear Channel Entertainment when a judge lifted all restrictions on his ability to compete with the concert giant.
Clear Channel asked U.S. District Judge Dickinson Debevoise to extend the four-year non-compete agreement Scher made in 2001 with now-bankrupt Covanta Energy, which bought his Metropolitan Entertainment business before selling its assets to rival promoter Mitch Slater. Slater’s business was eventually acquired by Clear Channel, including Scher’s non-compete.
The conglomerate argued that the non-compete should be extended another four years, claiming Scher had violated its provisions by actively promoting concerts, citing his work with
The jury is still out on that question, but the judge ruled it was in the public interest to let the non-compete expire as scheduled on March 15th.
“New Jersey policy strongly favors competition,” Debevoise wrote in his order, quoted by the Newark, N.J., Star-Ledger. “Both performing artists and the general public would benefit from the competition that would develop if Scher were to re-enter the promotion field.”