The U.S. Justice Department is conducting a criminal antitrust probe into how companies responded to mass concert cancellations during the beginning of the pandemic in 2020, Josh Sisco and Lucas Shaw of Bloomberg reports, citing people with knowledge of the matter. The investigation is focusing on whether Live Nation (LYV) Entertainment and AEG Presents illegally colluded on refund policies for canceled concerts and dealt with artists to limit their losses, some of the sources said. Additionally, prosecutors have weighed bringing charges, including against Live Nation and its CEO, the sources added.
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