The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action, Certification of the Settlement Class, and Proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion for an Award of Attorneys’ Fees and Reimbursement of Litigation Expenses (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional information. All capitalized terms used on this website and in the Notice that are not otherwise defined have the meanings ascribed to them in the Stipulation and Agreement of Settlement dated March 21, 2025 (“Stipulation”), which you may access by clicking here.
Subject to certain exclusions, the Settlement Class consists of: all persons and entities that purchased the publicly traded common stock of Live Nation Entertainment, Inc. between February 23, 2022 and May 22, 2024, both dates inclusive.
PLEASE READ THE NOTICE CAREFULLY
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SUBMIT A CLAIM FORM ONLINE OR POSTMARKED NO LATER THAN SEPTEMBER 20, 2025. YOU MAY SUBMIT A CLAIM FORM ONLINE HERE. YOU CAN ACCESS AND PRINT A CLAIM FORM HERE. |
This is the only way to be eligible to receive a payment from the Settlement Fund. If you are a Settlement Class Member and you remain in the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims (defined in ¶ 37 of the Notice) that you have against Defendants and the other Released Defendants’ Parties (defined in ¶ 38 of the Notice), so it is in your interest to submit a Claim Form. |
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EXCLUDE YOURSELF FROM THE SETTLEMENT CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION POSTMARKED NO LATER THAN AUGUST 7, 2025. |
If you exclude yourself from the Settlement Class, you will not be eligible to receive any payment from the Settlement Fund. This is the only option that allows you ever to be part of any other lawsuit against any of the Defendants or the other Released Defendants’ Parties concerning the Released Plaintiffs’ Claims. |
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OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION POSTMARKED NO LATER THAN AUGUST 7, 2025. |
If you do not like the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and reimbursement of Litigation Expenses, you may write to the Court and explain why you do not like them. You cannot object to the Settlement, the Plan of Allocation, or the fee and expense request unless you are a Settlement Class Member and do not exclude yourself from the Settlement Class. |
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GO TO A HEARING ON AUGUST 28, 2025, AT 10:00 A.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN AUGUST 7, 2025. |
Submitting a written objection and notice of intention to appear by August 7, 2025, allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and reimbursement of Litigation Expenses. If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection. |
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DO NOTHING. |
If you are a member of the Settlement Class and you do not submit a valid Claim Form, you will not be eligible to receive a payment from the Settlement Fund. You will, however, remain a member of the Settlement Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action. |
The Settlement Hearing
Settlement Class Members do not need to attend the Settlement Hearing to receive a payment or to speak in favor or against any aspect of the Settlement, the Plan of Allocation, Lead Counsel’s motion for an award of attorneys’ fees and reimbursement of Litigation Expenses, and/or any other matter related to the Settlement. The Court will consider any written submission made in accordance with the provisions set forth in paragraphs 80-88 of the Notice, even if a Settlement Class Member does not attend the hearing. You can participate in the Settlement without attending the Settlement Hearing.
The Settlement Hearing will be held on August 28, 2025, at 10:00 a.m., before the Honorable Kenly Kiya Kato in Courtroom 3 of the George E. Brown, Jr. United States Courthouse, 3470 12th Street, 3rd Floor, Riverside, CA 92501. The Court reserves the right to approve the Settlement, the Plan of Allocation, Lead Counsel’s motion for an award of attorneys’ fees and reimbursement of Litigation Expenses, and/or any other matter related to the Settlement at or after the Settlement Hearing without further notice to the members of the Settlement Class. The Court reserves the right to hold the Settlement Hearing telephonically or by other virtual means, in which event the Claims Administrator will update its website regarding the Settlement Hearing’s telephonic or virtual format.
What is this case about?
This litigation is about allegedly false and misleading statements made by Defendants concerning Live Nation’s compliance with antitrust laws, cooperation with regulators, and financial results. On August 4, 2023, a putative class action complaint was filed in the Court, styled Donley v. Live Nation Entertainment, Inc., Case No. 2:23-cv-06343-KK (ASx). A more detailed description of the Action is set forth in paragraphs 11-25 of the Notice. The operative complaint can be viewed here.
The Settlement Benefits
At this time, it is not possible to make any determination as to how much any individual Settlement Class Member may receive from the Settlement.
Pursuant to the Settlement, Defendants have agreed to pay or cause to be paid twenty million dollars ($20,000,000) in cash. The Settlement Amount will be deposited into an escrow account. The Settlement Amount plus any interest earned thereon is referred to as the “Settlement Fund.” If the Settlement is approved by the Court and the Effective Date occurs, the “Net Settlement Fund” (that is, the Settlement Fund less (a) all federal, state, and/or local taxes on any income earned by the Settlement Fund and the reasonable costs incurred in connection with determining the amount of and paying taxes owed by the Settlement Fund (including reasonable expenses of tax attorneys and accountants); (b) the costs and expenses incurred in connection with providing notice to Settlement Class Members and administering the Settlement on behalf of Settlement Class Members; and (c) any attorneys’ fees and Litigation Expenses awarded by the Court) will be distributed to Settlement Class Members who submit valid Claim Forms, in accordance with the proposed Plan of Allocation or such other plan of allocation as the Court may approve.
The Net Settlement Fund will not be distributed unless and until the Court has approved the Settlement and a plan of allocation, and the time for any petition for rehearing, appeal, or review, whether by certiorari or otherwise, has expired.
Further Information
This website and the Notice summarize the Settlement. For more details regarding the Settlement, please reference the Stipulation or other documents filed in the case under the “Court Documents” link on the left. You may also contact the Claims Administrator or Lead Counsel for further information regarding the Settlement:
Claims Administrator:
Live Nation Securities Litigation
c/o A.B. Data, Ltd.
P.O. Box 173080
Milwaukee, WI 53217
Telephone: 877-411-5027
info@LiveNationSecuritiesSettlement.com
Lead Counsel:
Glancy Prongay & Murray LLP
Ex Kano S. Sams II, Esq.
Garth A. Spencer, Esq.
1925 Century Park East
Suite 2100
Los Angeles, CA 90067
Email: settlements@glancylaw.com
-and-
The Rosen Law Firm, P.A.
Phillip Kim, Esq.
Joshua Baker, Esq.
101 Greenwood Avenue
Suite 440
Jenkintown, PA 19046
Email: pkim@rosenlegal.com
Email: jbaker@rosenlegal.com