United States: New York's LLC Transparency Act Has Been Amended - Kramer Levin Naftalis & Frankel LLP

Musicians Push Congress , to Pass Bill Aimed at , Reforming Ticket Industry. Musicians Push Congress , to Pass Bill Aimed at , Reforming Ticket Industry. On April 25, over 250 popular musicians signed an open letter to the Senate Commerce Committee demanding reforms to the current live-event ticketing system. On April 25, over 250 popular musicians signed an open letter to the Senate Commerce Committee demanding reforms to the current live-event ticketing system. The open letter was organized by Fix the Tix, a coalition spearheaded by the National Independent Venue Association and Eventbrite. Musicians who signed the letter include: , Billie Eilish, Dave Matthews and Green Day. . Musicians who signed the letter include: , Billie Eilish, Dave Matthews and Green Day. . Musicians who signed the letter include: , Billie Eilish, Dave Matthews and Green Day. . We are joining together to say that the current system is broken: predatory resellers and secondary platforms engage in deceptive ticketing practices to inflate ticket prices and deprive fans of the chance to see their favorite artists at a fair price, Fix the Tix open letter, via NBC. Other artists to sign the open letter include: , Cyndi Lauper, Lorde and Fall Out Boy. Other artists to sign the open letter include: , Cyndi Lauper, Lorde and Fall Out Boy. Other artists to sign the open letter include: , Cyndi Lauper, Lorde and Fall Out Boy. The Fans First Act looks to reform three significant issues that plague the ticketing industry, including transparency and consumer protections. The Fans First Act looks to reform three significant issues that plague the ticketing industry, including transparency and consumer protections. The bill also looks to prevent potential bad actors from reselling tickets at exorbitant prices. The Fans First Act is one of several bills introduced in recent years that seeks to fight unfair ticketing practices. . Other bills include the TICKET Act, the BOSS Act and the SWIFT Act. . It is clear that all participants of the live event ecosystem, from artists, to venues, to fans, demand comprehensive ticketing reform and consumer protection against the predatory ticket resale practices that have deeply afflicted live entertainment in the United States, Stephen Parker, executive director of the National Independent Venue Association, via NBC

On December 22, 2023 the State of New York adopted the New York LLC Transparency Act (as amended to date, the "NY LLCTA"). The NY LLCTA in many respects follows...

On March 1, 2024, New York Governor Kathy Hochul signed into law an amended version of the New York LLC Transparency Act, requiring certain limited liability...