LN ‘inflated income to compensate execs’, says lawsuit

Investor Shiva Stein accuses Live Nation of misrepresenting its 2017 adjusted operating income in order to ensure five executives received performance bonuses

News By | 24 May 2018

NY's eastern district's Theodore Roosevelt Federal Courthouse © Douglas Palmer

Update (25 May): Stein has withdrawn the complaint. “We are pleased that the plaintiff withdrew her frivolous lawsuit against Live Nation,” reads a Live Nation statement.

“The plaintiff and her attorneys wrongfully accused Live Nation of not meeting performance targets tied to executive compensation when, in point of fact, Live Nation is fully transparent on our pay practices, and payment of executive bonuses was fully in line with those practices which are clearly laid out in our 10-K and proxy.”

 

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