Ticketmaster Settles Over Springsteen Incident
Ticketmaster Entertainment (NASD: TKTM) has settled charges brought by the New Jersey Attorney General that it shunted ticketbuyers from its flagship site to an auction site where tickets sold for far above face value, Billboard reported. The company will pay $350,000 to cover fees associated with the AG's investigation, and also agreed to stop linking customers to its TicketsNow secondary ticketing auction site for at least one year. The charges were brought after consumers looking to purchase tickets to Bruce Springsteen concerts were redirected to TicketsNow -- even though tickets were still available for purchase at face value on Ticketmaster.com.
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