Live Nation $20M Securities Class Action Settlement

Live Nation Entertainment, Inc.

If you purchased publicly traded common stock of Live Nation Entertainment, Inc. between February 23, 2022 and May 22, 2024, you may be eligible to submit a claim for a portion of a $20 million class action settlement.

Live Nation Entertainment, Inc. has agreed to pay $20,000,000 to settle a class action lawsuit that alleged the company and certain executives made false and misleading statements regarding Live Nation’s compliance with antitrust laws, its cooperation with regulators, and its financial results.

Who is eligible for a Live Nation settlement payout?

Class members include both individuals and entities, and must meet the following criteria:

You purchased publicly traded common stock of Live Nation Entertainment, Inc. between February 23, 2022 and May 22, 2024, inclusive.
The purchases must have been made for your own benefit or as a custodian for someone else.
You suffered a compensable loss as a result of the alleged conduct.

If you purchased shares through multiple accounts or on behalf of more than one legal entity, you must submit a separate claim for each legal entity. However, all transactions for a single legal entity should be combined on one claim form.

Who is excluded from the class?

Individuals or entities that acquired Live Nation shares through the exercise, conversion, or exchange of non-publicly traded securities, or in exchange for securities of any corporation or entity other than Live Nation, are not eligible for this settlement.

How much is the securities class action payment?

Pro Rata Cash Payment: Payment amount will be determined according to the plan of allocation and by the following factors:

The timing of your purchases and sales.
The amount of alleged artificial inflation in the stock price at the time of each transaction.
Whether the shares were held through certain corrective disclosure dates.
The recognized loss per share calculation.

Recognized Loss Calculation:

If you purchased shares and sold them before November 18, 2022: Recognized Loss Amount is $0.
If you purchased shares and sold them between November 18, 2022 and May 22, 2024: Recognized Loss Amount is the lesser of (a) the difference in artificial inflation between the purchase and sale dates, or (b) the purchase price minus the sale price.
If you purchased shares and sold them between May 23, 2024 and August 20, 2024: Recognized Loss Amount is the least of (a) the inflation amount on the purchase date, (b) the purchase price minus the sale price, or (c) the purchase price minus the 90-day lookback value on the sale date.
If you still held shares as of August 20, 2024: Recognized Loss Amount is the lesser of (a) the inflation amount on the purchase date, or (b) the purchase price minus $93.31 (the average closing price during the 90-day lookback period).

How to claim a securities settlement payment

To receive a class action rebate, class members must submit a valid claim form by the deadline of September 20, 2025. You can file a claim online or print a PDF claim form to complete and mail to the settlement administrator.

Class members that purchased shares through multiple accounts or on behalf of more than one legal entity, must submit a separate claim for each legal entity.

Settlement administrator's mailing address: Live Nation Securities Litigation c/o A.B. Data, Ltd., P.O. Box 173080, Milwaukee, WI 53217

The settlement administrator will acknowledge receipt of every claim filed online or by mail within 60 days.

Required proof and information

Claimants must provide the following information and supporting documentation:
Last four digits of Social Security number or Taxpayer Identification number
Account number through which the securities were traded
Copies of brokerage confirmation slips or monthly brokerage account statements showing Live Nation holdings and transactions.
An authorized statement from your broker containing the required Live Nation securities information.

Payout options

Approved claimants will receive a paper check mailed to the address provided.

$20 Million Live Nation settlement fund

The $20,000,000 settlement fund will include:

Settlement administration costs: To be determined
Attorneys' fees: Up to 33⅓% of the settlement fund, or approximately $6,666,000
Attorneys' expenses: Up to $185,000 and includes up to $10,000 for lead plaintiffs’ representation award
Payments to approved claimants: Remaining settlement funds

Important dates

Fairness Hearing: August 28, 2025
Deadline to File a Claim: September 20, 2025
Deadline to Exclude Yourself: August 7, 2025

When is the Live Nation securities class action settlement payout date?

Payments will issued to class members with valid claims after the settlement is granted final approval by the court and all processing is complete.

Why did this class action settlement happen?

This class action lawsuit was filed because investors alleged that Live Nation and certain executives made false and misleading statements about the company’s compliance with antitrust laws, its cooperation with government investigations, and the regulatory risks it faced. Plaintiffs claimed that these misrepresentations artificially inflated the price of Live Nation’s stock, causing investors to pay more than they should have.

Live Nation denies all allegations but agreed to settle to avoid the risk and costs associated with continuing litigation.