Live Nation Settles Class Action

Live Nation has agreed to settle 22 consumer antitrust class-action lawsuits.

The suits date back to 2002 and were consolidated in federal court as Live Concert Antitrust Litigation, according to Bloomberg.

The cases stem from alleged anti-competitive practices. U.S. District Judge Stephen Wilson has put he case on hold until settlement is completed.

“The parties in all 22 actions have reached a global settlement agreement, which is in the process of being finalized,” Wilson said.

The judge recently rejected expert testimony about the harm sustained by alleged actions of the accused.