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Bumble Inc. investors who said it issued misleading statements about the prospects of the dating app’s new subscription plan dropped their securities fraud claims against the company. https://t.co/SnlGv29DvD
Investors suing Live Nation want approval of a $20 million deal ending claims the company made misleading statements when news of alleged anticompetitive practices with Ticketmaster caused stock prices to drop following the Taylor Swift ticket debacle. https://t.co/1swZPl9Zzk
Live Nation settles lawsuit over claims it misled investors about legal risks https://t.co/G3F2LlGrTR
Live Nation has agreed to pay $20 million to settle a lawsuit that claimed the company failed to adequately warn investors about antitrust risks associated with its business practices. A judge recently denied Live Nation's motion to dismiss the case, which involved allegations that misleading statements regarding anticompetitive practices with Ticketmaster led to a decline in stock prices, particularly following the controversy surrounding ticket sales for a Taylor Swift concert. The settlement is aimed at resolving these claims and providing compensation to affected investors.
