Ticket Galaxy (the “Company"), a leading secondary market ticket distribution company, announced today that it had reached a settlement with the New York Attorney General (the “NYAG") under which the Company, among other things, will be able to continue its business model consistent with a new law enacted by the New York State Legislature that took effect on December 28, 2018.
Sean Morse, Ticket Galaxy CEO, said: "We maintained throughout the NYAG’s nearly two-year investigation that Ticket Galaxy operates honestly and in compliance with the law. We are pleased that this matter has been resolved and we now have certainty regarding our ability to continue offering our customers the tickets they want."
The settlement follows Ticket Galaxy’s filing for a declaratory judgment seeking confirmation from the Supreme Court of the State of New York that it operates in full compliance with the law, and that there was no legal merit to the asserted basis of the NYAG’s then nearly two-year investigation. Subsequent to Ticket Galaxy filing its suit, the NYAG commenced a civil action against Ticket Galaxy. All litigation has been resolved without any admission of liability by Ticket Galaxy.
Ticket Galaxy noted that in a related action today, TicketNetwork, an affiliated company, also settled with the NYAG after filing its own lawsuit for a declaratory judgment. TicketNetwork also did not admit to any liability and settled its litigation with the NYAG under terms similar to Ticket Galaxy.
Ticket Galaxy’s primary business is professional ticket resale on the secondary market. Ticket Galaxy offers tickets at highly competitive prices by partnering with premier brands in sports, music, and entertainment.
About Ticket Galaxy
Ticket Galaxy is the live entertainment industry's leading secondary market ticket distribution company, selling millions of tickets annually to sport, concert, theater, and family events across the globe. Established in 2013, the Company is A+ rated by the Better Business Bureau, has approximately 100 employees and has served millions of customers with hard-to-get, sold-out, and discount tickets in partnership with some of the world's most identifiable brands. Its website ticketgalaxy.com offers fans access to unmatched inventory, premier customer service, and secure ticket transactions, all with a 100% money-back guarantee. For more information on Ticket Galaxy, visit www.ticketgalaxy.com.
