Complaints about concert tickets close sites

updated 3:22 p.m. ET June 30, 2009

CHICAGO - A Ticketmaster Entertainment Inc. subsidiary has reached an agreement with the Illinois Attorney General after complaints of overly high-priced tickets to Hannah Montana and Bruce Springsteen concerts.

The state attorney general's office announced Tuesday that it had discovered TicketsNow operated Web sites with domain names that misled customers to believe it was affiliated with the concerts' event operators. Customers thought they were paying face-value prices but instead were paying higher resale prices.

TicketsNow agreed to close such sites and not use ones that practice similar tactics. Also, the resale tickets won't be available until Ticketmaster begins selling face-value tickets.

TicketsNow will pay $50,000 the state general's office for consumer fraud enforcement and education.

Also in msnbc.com business Answer Desk: The risks of investing extensively in gold Your Career: The repercussions of expressing your faith Interactive: 10 cars we’re looking forward to in 2010 ‘Reaching out’ and the other worst buzzwords of the year   Video: Existing home sales make an unexpected jump

MORE FROM U.S. BUSINESS

U.S. business Section Front

AIG bonus return pledge goes mostly unfulfilled   Top CEO departures of 2009   Medical gift cards pay for doctor, dentist visits Court orders Microsoft to stop selling Word CBS, Disney may join Apple TV venture Obama says ‘the worst is behind us’ Teachers face mass layoffs as stimulus ends States’ jobless funds going ‘absolutely broke’ Russia Web gang took millions from Citi: report NYT: Temps hired over full-time workers U.S. business Section Front   Add U.S. business headlines to your news reader: