WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Live Nation Entertainment, Inc. (NYSE: LYV) resulting from allegations that Live Nation may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Live Nation securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to http://www.rosenlegal.com/cases-register-2198.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On November 5, 2021, the Astroworld tragedy occurred, injuring hundreds and resulting in the deaths of at least 8 people and the hospitalization of at least 25 people. Live Nation promoted the event.

According to an Associated Press article entitled “Crowd surge kills at least 8 at Houston music festival” “[t]he crowd at a Houston music festival suddenly surged toward the stage during a performance by rapper Travis Scott, squeezing fans so tightly together that they could not breathe or move their arms and killing eight people in the chaos.” The article further noted that “[t]he pandemonium unfolded Friday evening at Astroworld, a sold-out, two-day event in NRG Park with an estimated 50,000 people in attendance. As a timer clicked down to the start of the performance, the crowd pushed forward.” The article also noted that “[s]ome audience members said barricades erected near the stage and to separate different sections of ticket holders prevented fans from escaping.” Finally, the article stated that “[t]he police chief said authorities were investigating reports of suspicious activity in the crowd, including a security officer who told police that he felt a prick in his neck during the chaos and lost consciousness while being examined by first responders. He was revived by the opioid antidote Narcan.”

On this news, the Company’s share price fell on November 8, 2021, the next trading day after the tragedy.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

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