NEW YORK--(BUSINESS WIRE)--Mar 9, 2026--
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Ardent Health, Inc. (“Ardent” or the “Company”) (NYSE: ARDT) and reminds investors of the March 9, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose information regarding Ardent Health's accounts receivable. During the Class Period, Defendants publicly reported the Company’s accounts receivable on a quarterly basis. In addition, Defendants represented that the Company maintained professional malpractice liability insurance in amounts “sufficient to cover claims arising out of its operations.”
On November 12, 2025, Ardent announced its financial results for the third quarter of 2025. The Company revealed a $43 million reduction in its revenue due to accounting changes, and a $54 million increase in professional liability reserves.
On this news, Ardent's stock price fell $4.75 per share, or 33.81%, to close at $9.30 per share on November 13, 2025.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Ardent’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Ardent Health class action, go to www.faruqilaw.com/ARDT or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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ARDT CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Ardent Investors of the Securities Class Action Lawsuit Deadline on March 9, 2026
WASHINGTON (AP) — The Justice Department said Monday it has tentatively settled its antitrust lawsuit against Ticketmaster and parent company Live Nation Entertainment, striking a deal to ultimately lower ticket prices for consumers and end an illegal monopoly over live events in America.
But some states signaled they won't join the deal and will continue an ongoing trial.
After the Justice Department announced an agreement that ends its participation in the Manhattan federal court trial, Judge Arun Subramanian called it “entirely unacceptable” that nobody told him about it until late Sunday after a term sheet outlining the deal was signed Thursday.
A senior Justice Department official spoke effusively of the looming settlement on the condition of anonymity Monday during a phone call with journalists under terms set by the department to release some information about the proposed settlement.
Live Nation would pay a $280 million fine and divest itself of at least 13 amphitheaters nationwide while opening its ticketing processes so competitors can share in the sale of tickets, the official said, adding that at least 10 states were expected to join the deal.
The official called it a “win-win for everybody,” bringing immediate relief to consumers and protecting venues from retaliation when they choose Live Nation's competitors to handle tickets or promote events.
In a statement, Live Nation Entertainment said it was pleased with a settlement that will let other promoters decide how best to distribute up to 50% of tickets and cap ticketing service fees at 15%.
“We have never relied on exclusivity to drive our ticketing business, it has simply been the result of having the best products, services and people in the industry," said Michael Rapino, president and CEO of Live Nation.
Live Nation said the settlement will include an eight-year extension of the company's consent decree with the Justice Department. It described the $280 million that the Justice Department official labeled a “fine” as a “settlement fund to address the states' damages claims.”
New York Attorney General Letitia James said in a statement that the pact “fails to address the monopoly at the center of this case."
“My attorney general colleagues and I have a strong case against Live Nation, and we will continue our lawsuit," James said.
A release containing her statements said other states rejecting the settlement included Arizona, California, Colorado, Connecticut, Illinois, Kansas, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Pennsylvania, Rhode Island, Tennessee, Utah, Vermont, Virginia, Washington, Wisconsin, Wyoming and the District of Columbia.
North Carolina Attorney General Jeff Jackson called the agreement “a terrible deal” that was hidden from the states until the last minute.
"This case is about Live Nation and Ticketmaster harming consumers, trapping artists, and driving up ticket prices. We will see them back in court, shortly,” he said.
Washington State Attorney General Nick Brown said the bipartisan group of state attorneys general who joined the Justice Department's lawsuit in May 2024 would continue because the “case against Live Nation is strong, and the state coalition is committed to holding the company accountable for its illegal behavior, protecting consumers and restoring competition to this market.”
Stephen Parker, executive director of the National Independent Venue Association, said in a statement that the $280 million fine represented about four days of Live Nation's 2025 revenue.
“They could potentially make it back by this Friday,” Parker said, speaking for thousands of independent venues, festivals and promoters nationwide.
“The reported settlement does not appear to include any specific and explicit protections for fans, artists, or independent venues and festivals,” he said, calling the agreement “a failure of the justice system.”
Adam Gitlin, a lawyer for the District of Columbia, told Subramanian that several states had not decided what they would do, including Florida, Louisiana and Texas, which he said had expressed “serious concerns” about the deal.
In court, Subramanian told jurors of the agreement, saying the trial would resume next week with some states pressing the claims first brought under President Joe Biden ’s administration in 2024.
Now, states will be left to press claims that Live Nation was squelching competition and driving up prices for fans through threats, retaliation and other tactics to “suffocate the competition” by controlling virtually every aspect of the industry, from concert promotion to ticketing.
The states accuse Live Nation of engaging in a slew of practices to maintain a stranglehold over the live music scene. They say the company uses long-term contracts to keep venues from choosing rival ticketers, blocking venues from using multiple ticket sellers and threatening venues that they could lose money and fans if they don’t choose Ticketmaster.
Live Nation has maintained that artists and teams set prices and decide how tickets are sold.
Ticketmaster and Live Nation Entertainment, based in Beverly Hills, California, have a long history of clashes with major artists and their fans, including Taylor Swift and Bruce Springsteen.
Ticketmaster, which was established in 1976 and merged with Live Nation in 2010, is the world’s largest ticket seller across live music, sports, theater and more.
Neumeister reported from New York
FILE - The seal of the Dept of Justice is shown on the podium, Aug. 1, 2023, at an office of the Department of Justice in Washington. (AP Photo/J. Scott Applewhite, File)
FILE - The Ticketmaster logo is seen along the sideline of the field before an NFL football game, Sept. 15, 2024, in Jacksonville, Fla. (AP Photo/Phelan M. Ebenhack, File)
