04-20-2007, 07:36 AM
Quote:The world's largest ticket retailer, Ticketmaster, has sued eBay Inc. and its StubHub subsidiary, alleging that the online auction leader violated the company's contractual rights...
The suit filed by Ticketmaster, a subsidiary of IAC/InterActiveCorp., said eBay's StubHub is currently selling "official premium tickets" to an upcoming concert, which violates the ticket retailer's exclusive rights to sell tickets to events at the venues on tour...
The company is seeking all of StubHub's revenue from the "Rowdy Frynds" tour, in addition to punitive damages and a permanent injunction preventing future business practices that violate the company's contractual rights...
full article: http://money.cnn.com/2007/04/19/news/com...ster_ebay/