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August 17, 2005 | From Bloomberg News
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.
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BUSINESS
August 17, 2005 | From Bloomberg News
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.
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