Welcome back. Shares of Live Nation closing 2% lower today after the Federal Trade Commission sued Live Nation and Ticket Master for what it alleges are illegal ticket resale tactics. Joining us now for an exclusive interview is chairman of the Federal Trade Commission, Andrew Ferguson.Chair Ferguson, it's great to have you on. Welcome. Be here.Thanks for having me on. So, let's start right there with this lawsuit you filed in California today. Seven states joined in as well.Um, what is the basis for the su ...

The U.S. Federal Trade Commission on Thursday sued Ticketmaster and Live Nation Entertainment over what it called "illegal" ticket resale tactics.The lawsuit was filed in federal court in California. Seven states joined in the lawsuit, including Florida, Illinois and Virginia.In the filing, the FTC wrote that the companies "tacitly worked" with scalpers, allowing them to "unlawfully purchase" tickets to increase their profits."[Ticketmaster and Live Nation's] illegal conduct frustrates artists' desire to ma ...