Clear Channel Communications Inc., the largest producer of concerts and live entertainment events, won reversal of a $70-million punitive damage award in a lawsuit brought by a smaller competitor.
U.S. District Court Judge Matthew Kennelly in Chicago ordered a new trial in a suit accusing Clear Channel of blocking Jam Sports & Entertainment from promoting motorcycle races. A jury ruled in March that Clear Channel intentionally interfered with Jam Sports' contract to sponsor Supercross dirt-bike racing.
