The Federal Trade Commission is suing Ticketmaster and its parent company, Live Nation, over allegations of illegal and deceptive business practices that it says has resulted in consumers paying "significantly more" than the face value of a ticket. In a lawsuit filed in California District Court on Thursday, the FTC accuses the companies of multiple forms of illicit behavior. Seven other states -- Colorado, Florida, Illinois, Nebraska, Tennessee, Utah and Virginia " joined the FTC's suit.
The federal agency claims that Live Nation and Ticketmaster deceived both artists and consumers by allowing ticket brokers to "routinely and substantially" exceed posted limits on the number of tickets that consumers can purchase for an event, as well as limits demanded by artists.
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