10:40 AM EDT, 10/06/2025 (MT Newswires) -- Live Nation Entertainment's ( LYV ) appeal for an arbitration agreement in a consumer antitrust case was rejected by the US Supreme Court, allowing the class-action lawsuit to proceed, Bloomberg reported Monday.

The judges left intact the US Court of Appeals for the Ninth Circuit's 2024 ruling that Live Nation's petition for arbitration with customers was "unconscionable" and cannot be implemented under California law, according to the report.

Consumers filed the lawsuit in Los Angeles against both Live Nation and its unit Ticketmaster, claiming they unfairly leverage their market dominance to inflate fees, according to Bloomberg.

Live Nation Entertainment ( LYV ) did not immediately respond to a request for comment from MT Newswires.

Shares fell 1.2% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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