Former Live Nation executive says he was fired after raising ‘financial misconduct' concerns [Los Angeles Times (CA)]
Live Nation Entertainment, Inc. (LYV)
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Source: Los Angeles Times
after he raised concerns about alleged financial misconduct and improper accounting practices. Nicholas Rumanes alleges he was “fraudulently induced” in 2022 to leave a lucrative position as head of strategic development at a real estate investment trust to create a new role as executive vice president of development and business practice at Beverly Hills-based Live Nation. In his new position, Rumanes said, he raised “serious and legitimate alarm” over the the company's business practices. As a result, he says, he was “unlawfully terminated,” according to the lawsuit filed Thursday in Los Angeles County Superior Court. “Rumanes was, simply put, promised one job and forced to accept another. And then he was cut loose for insisting on doing that lesser job with integrity and honesty,” according to the lawsuit. He is seeking $35 million in damages. Representatives for Live Nation were not immediately available for comment. The lawsuit comes a week after a federal jury in M
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LYV
Earnings
- 2/19/26 - Beat
LYV
Sec Filings
- 4/24/26 - Form DEFA14A
- 4/24/26 - Form ARS
- 4/24/26 - Form DEF
- LYV's page on the SEC website