>Clear Channel Antitrust
Date Filed: October 24, 2007
Court: U.S. District Court
Location: California
Ticker Symbol: CCU
A United States District Court judge gave the green light to a class-action lawsuit claiming Clear Channel Communications Inc. (NYSE: CCU) - the nation's largest media and entertainment company - used its market dominance to illegally inflate ticket prices to live rock concerts across the country.
The opinion issued by Judge Stephen V. Wilson grants class-action status to five lawsuits being lead by Hagens Berman Sobol Shapiro. The suits intend to argue that Clear Channel used anticompetitive, monopolistic practices to keep ticket prices high for consumers and to coerce artists into using the company's promotional services.
The complaints state that radio is by far the most effective marketing tool for music artists to promote concerts, and Clear Channel enjoys a near monopoly of the market. Artists often have no other choice but to use Clear Channel to promote live concerts.
The suits allege the company's unlawful leveraging of its economic strength in the FM radio business obligates artists who would otherwise turn to other concert promoters to use Clear Channel's promotion services.
The certified classes include any person who purchased a live rock concert ticket from Clear Channel or one of its subsidiaries in the Chicago, New England, New York/New Jersey, Colorado, and Southern California regions during the period of June 19, 1998 to present.
If you purchased a concert ticket between June 19, 1998 until present you may be eligible to join this suit. You can also send us an e-mail detailing your situation at info@hbsslaw.com.
HBSS will treat all information received as confidential.
Court: U.S. District Court
Location: California
Ticker Symbol: CCU
A United States District Court judge gave the green light to a class-action lawsuit claiming Clear Channel Communications Inc. (NYSE: CCU) - the nation's largest media and entertainment company - used its market dominance to illegally inflate ticket prices to live rock concerts across the country.
The opinion issued by Judge Stephen V. Wilson grants class-action status to five lawsuits being lead by Hagens Berman Sobol Shapiro. The suits intend to argue that Clear Channel used anticompetitive, monopolistic practices to keep ticket prices high for consumers and to coerce artists into using the company's promotional services.
The complaints state that radio is by far the most effective marketing tool for music artists to promote concerts, and Clear Channel enjoys a near monopoly of the market. Artists often have no other choice but to use Clear Channel to promote live concerts.
The suits allege the company's unlawful leveraging of its economic strength in the FM radio business obligates artists who would otherwise turn to other concert promoters to use Clear Channel's promotion services.
The certified classes include any person who purchased a live rock concert ticket from Clear Channel or one of its subsidiaries in the Chicago, New England, New York/New Jersey, Colorado, and Southern California regions during the period of June 19, 1998 to present.
If you purchased a concert ticket between June 19, 1998 until present you may be eligible to join this suit. You can also send us an e-mail detailing your situation at info@hbsslaw.com.
HBSS will treat all information received as confidential.
Key Attorneys
Steve W. Berman
Mr. Berman helped to found the firm in 1993, and is the managing partner. He has served as lead or co-le... link >>
| SHARE: |
|
Cases and Investigations
| CONTACT US | CYCLING TEAM | INSTITUTIONAL INVESTORS | FOLLOW US ONLINE: |
|
|
Sign Up For E-Mail Alerts