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Eventbrite, Investors Drop Ticketfly Federal Suit on State Deal

June 27, 2022, 5:59 PM

Eventbrite Inc. and investors who say it misled them about the success of its Ticketfly acquisition agree to dismiss a securities suit in federal court in California after a related state court case settled.

The online ticket seller and event manager and its investors stipulated to dismissal with prejudice of the federal claims in the US District Court for the Northern District of California, where Judge Edward J. Davila in 2021 put a proposed $1.9 million settlement on hold pending developments in the state suit.

The paused settlement sought to resolve federal litigation stemming from Eventbrite’s 2017 acquisition of ticket ...