Contracts,
Civil Litigation
Jun. 1, 2022
Jury gives Eventbrite $11M in ‘material adverse change’ case related to shutdowns
The jury found, after a week of trial and two hours of deliberation, that MRG breached the contract while Eventbrite did not, nor did Eventbrite breach the implied covenant of good faith
A jury awarded Eventbrite Inc. $11 million in a case that is one of the first to touch upon “material adverse change” clauses acted upon because of shutdowns related to the COVID-19 pandemic. Eventbrite disputed with MRG Concerts Ltd. over which company breached the multiyear contract between the two when MRG terminated the agreement early after Eventbrite refused to give MRG additional loans MRG believed it was entitled to because the shutdown constituted a material ...
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