Live Nation says it will fight losing monopoly suit

After the jury found that Live Nation-Ticketmaster Violated antitrust law On several counts, the company warns in Blog post The ruling “is not the final word on this matter.”

The company plans to renew a request for the judge to rule against the states, claiming that they have not proven their case as a matter of law. They are also awaiting the court’s decision on a separate motion to suppress the testimony of one of the states’ expert witnesses, whose analysis they say helped determine the jury’s award of damages. The jury found that Ticketmaster overcharged consumers $1.72 per ticket.

“Of course, Live Nation can appeal any unfavorable rulings on these proposals,” the blog post said.

The company says jury compensation is limited to tickets sold at only 257 venues, which represents 20 percent of the total tickets. Live Nation disputes the $280 million it has pledged to its program Settlement with the Ministry of Justice A few states will ultimately prove that the amount is greater than the amount based on the jury’s award. Judge Arun Subramanian is expected to rule on total final damages and other relief — including potential separation — after a separate proceeding. “We are confident that the final outcome of the U.S. case will not differ materially from what the DOJ settlement envisions,” the company says.