SO, back in 2002 Live Nation - then a child of the Clear Channel behemoth - was sued for supposedly monopolizing the ticket sales of live rock concerts and for charging too high a price for said tickets.
In the class action lawsuit, plaintiffs from all over the country (and world) relied on data from economist Dr. Owen Phillips to sufficiently back up their claims against the major ticket distributor.
Unfortunately for the accusers, Dr. Philips’ research wasn’t thorough enough for the Judge presiding over the case, and Phillips failed to consider multiple factors for Live Nation’s high ticket prices. Thus, the judge finally dismissed claims of monopolization and unjust enrichment.
Sorry guys! But if you are trying to sue a giant corporation, you better have a SHI* TON of reputable, quantitative AND qualitative research that straight up PROVES whomever you are suing is guilty…
We hope you guys didn’t waste too much money!
Tags: claims, clear channel, concert, dismissed, judge, lawsuit, live nation, money, sales, sued, suing, ticket sales, tickets, unfortunate