Live Nation has responded to a whistleblower lawsuit brought forth by a former executive, claiming that the ex-employee only came forward after the entertainment giant chose not to renew his contract.
The $35 million lawsuit was filed by former Live Nation Executive Vice President of Development and Business Practice Nicholas Rumanes in Los Angeles County Superior Court in April. Rumanes alleges the company fired him after he raised internal concerns about systemic financial misrepresentations, risky venue-development practices, and potential violations of the DOJ consent decree governing the Live Nation–Ticketmaster merger.
Specifically, the suit alleges three causes of action: retaliation under California Labor Code §1102.5, wrongful termination in violation of public policy, and fraudulent inducement.
Live Nation has since responded to the suit, noting in a statement to the Los Angeles Times that Rumanes never brought-up these allegations during his employment.
“His contract was not renewed after failing to meet expectations,” Live Nation said. “He did not raise these allegations during his employment, only doing so months after his departure, and an independent investigation found no evidence to support them. We will respond through the appropriate legal process.”
Additionally, the company argued that Rumanes “did not uncover fraud,” adding that his case “demonstrated what amounts to a basic misunderstanding of what [various financial documents and statements] are and...
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