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Endeavor Executives Resign from Live Nation Board of Directors after Justice Department Expresses Antitrust Concerns Details Written by Imperial Valley News
Beverly Hills, California - The Department of Justice announced Monday that two executives of Endeavor Group Holdings Inc. – Chief Executive Officer and Director Ariel Emanuel, and President Mark Shapiro – have resigned their positions on the Live Nation Entertainment Inc. Board of Directors after the department expressed concerns that their positions on the Live Nation Board created an illegal interlocking directorate.
An interlocking directorate is where one person – or an agent of one person or company – serves as an officer or director of two companies. Section 8 of the Clayton Act prohibits the same person or company from serving as an officer or director of two competing companies, except under certain defined safe harbors.
Endeavor s Emanuel, Shapiro resigned from Live Nation s Board over anti-trust concerns hypebot.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hypebot.com Daily Mail and Mail on Sunday newspapers.