(NewsNation) — The Federal Trade Commission and a bipartisan group of state attorneys general are suing Ticketmaster and its parent company, Live Nation Entertainment, accusing them of misleading fans and artists with deceptive pricing.

The lawsuit argues Ticketmaster collaborates with ticket resellers to bypass its own ticket-purchasing limits. It also claims the company advertises prices lower than what customers actually pay and misrepresents the number of tickets available.

The complaint — filed Thursday by the FTC and attorneys general from Colorado, Florida, Illinois, Nebraska, Tennessee, Utah and Virginia — argues "ticket brokers often buy as many as thousands of tickets for a single event, denying ordinary fans the opportunity to purchase them at the prices artists set."

The law

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