While the scope of the Wall Street Journal report is too lengthy to cover here and the suit has more to do with a breach-of-contract dispute, a couple of highlights from the report that should be of interest to ticket buyers follows [Note: TicketNews also issued an in-depth report about this lawsuit. You can read that along with a copy of the lawsuit here.]. The Wall Street Journal reports: ...The lawsuit was filed last week in Los Angeles Superior Court by Chuck Lombardo, a ticket broker in the New York area who alleges that Ticketmaster reneged on an agreement to buy his company and give him a three-year employment contract.
....Mr. Lombardo in his suit says his duties for Ticketmaster in 2008 included selling "premium tickets," essentially prime seats at higher than normal face value, for concert tours by high-profile artists, including Journey, Van Halen and other artists. People in the concert industry have said acts typically would benefit from such arrangements. Mr. Lombardo's suit says Ticketmaster agreed to pay him 6% of gross ticket sales. - Read the full Wall Street Journal Report