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Report: Ticketmaster to settle order-processing fee suit for $400M

Tuesday - 6/3/2014, 8:16am  ET

You might get some of a $400M settlement if you bought a concert or show ticket through Ticketmaster from 1999 to 2013.

Ticketmaster parent Live Nation Entertainment (NYSE: LYV) has agreed to settle a class-action lawsuit over "order processing fees," The Wall Street Journal reported.

If approved, Ticketmaster would dole out about $400 million in credits to approximately 50 million ticket buyers.

The suit accused Ticketmaster of making a profit off part of the fees without advising purchasers.

© 2014 American City Business Journals, Inc.