The Department of Justice is expected to announce an antitrust lawsuit against Live Nation-Ticketmaster

The Justice Department is expected to file a lawsuit today against Live Nation–Ticketmaster, alleging that the live events and ticketing company illegally suppressed competition.

On Wednesday evening, multiple media outlets reported that the Justice Department and several states would consider solutions, including splitting the company.

The lawsuit – which has been rumored for weeks – will be the latest action taken by the Biden administration to curb corporate power. The Department of Justice sued Apple in March, maintaining that the company had a monopoly in the smartphone market.

Live Nation and Ticketmaster have long been in the crosshairs of the Justice Department.

Live Nation is subject to a consent decree issued in its 2010 merger with Ticketmaster, implemented as part of a settlement with the Department of Justice.

The consent decree was extended in 2019 for an additional 5 1/2 years after the Justice Department found that Live Nation violated restrictions imposed on the merger, which included its ticketing, promotion, concert and management businesses. Among other things, the terms prohibit Live Nation from threatening to suspend concerts at a given venue if it chooses another ticketing company.

Last year, the company faced hours of criticism and brutal attacks from lawmakers during a Senate hearing on its ticketing industry practices. This comes after an incident where the Ticketmaster website crashed due to excessive demand for Taylor Swift concert tickets. During the hearing, Joe Berchtold, president and chief financial officer, faced criticism from lawmakers of both parties. Berchtold, however, said the ticket price is set by the artist and in most cases the fee is controlled by the concert hall.

Sen. Amy Klobuchar (D-MN), who chairs the Senate Judiciary subcommittee on antitrust, said in a statement: “If the reports are accurate, the Department of Justice is doing the right thing by filing a lawsuit against Live Nation. “It’s about ensuring fans are treated fairly around the world and revitalizing competition in ticket markets.”