Haynes and Boone, LLP Partner Bill Morrison was quoted in a MarketWatch article after shares of Ticketmaster parent Live Nation Entertainment Inc. slid on Tuesday, following reports that it could soon be hit by a government antitrust lawsuit.
"Based on the uproar around the country on ticket prices, you would assume that this case would focus on Live Nation's ticketing practices and the use of its monopoly power to drive up prices in the primary and, more recently, the resale markets," Bill Morrison told MarketWatch.
"This would undoubtedly include claims about Live Nation's control of the concert venue, promotion and ticketing," he said.
To read the full article in MarketWatch, click here.
Morrison also spoke to Billboard on the issue. Read an excerpt here:
“The government’s burden is going to be pretty high,” Bill Morrison , partner at Haynes Boone, tells Billboard. “It’s long been the case in antitrust jurisprudence that it’s not illegal to have a monopoly. What’s illegal is to use that monopoly power in an anti-competitive way. And so that would be the burden that the DOJ would have to prove, which is to show that Live Nation abused its monopoly power and it acted unreasonably to restrain trade to maintain its monopoly.”
Read the full article here.
