DOJ reportedly might sue Ticketmaster guardian Reside Nation in wake of Taylor Swift ticket fiasco

The Justice Division might file an antitrust lawsuit in opposition to live performance promoter Reside Nation Leisure and its unit Ticketmaster by the top of the 12 months, Politico reported on Friday, citing three folks with information of the matter.

Shares of Reside Nation dropped 5% in prolonged buying and selling on Friday.

Earlier this 12 months, senators slammed Reside Nation’s lack of transparency and lack of ability to dam bot purchases of tickets following a serious fiasco involving ticket gross sales for Taylor Swift’s long-awaited live performance tour.

The potential lawsuit might declare that the leisure large is abusing its energy over the reside music trade, Politico reported, including that the timing of the case was not agency and the DOJ might determine to drop it.

Reside Nation and the DOJ didn’t instantly reply to Reuters requests for remark.