News Summary

• The FTC and seven states sued Ticketmaster owner Live Nation on Wednesday.
• The lawsuit accused the company of knowingly allowing brokers to buy tickets in bulk.
• Ticketmaster allegedly then let them resell the tickets at a significant markup on its own second-hand market.
• The FTC and the seven states are suing Live Nation for allegedly letting brokers buy Tickets in bulk and resell them on the secondary market at a markup.
• The suit was filed in federal court in Washington, D.C., and is expected to be settled out of court.