* Refunds, conduct restrictions in settlement--source
* Case arose from complaints over Springsteen tickets
WASHINGTON, Feb 17 (Reuters) - Ticketmaster, now part of Live Nation Entertainment (LYV.N), and regulators will announce a settlement on Thursday over complaints about the company’s handling of ticket sales for a Bruce Springsteen concert, according to people familiar with the matter.
The Federal Trade Commission, which was inundated with complaints last year when people trying to buy Springsteen tickets were steered to a more expensive reseller, TicketsNow, has settled the matter, the sources said.
The FTC did not immediately return telephone calls but sources told Reuters that the agency was settling with Ticketmaster and TicketsNow.
“We understand that the announcement to be made tomorrow involves Ticketmaster/TicketsNow,” said one person, who is not authorized to speak on the matter.
The settlement is likely to include refunds and conduct restrictions, the source said.
A second source also said that the FTC settled with Ticketmaster.
A spokeswoman for Ticketmaster declined to discuss the FTC announcement. (Reporting by Diane Bartz; Editing by Gary Hill)