Travis Scott's Concert Promoter Receives Dozens Of Lawsuits, Stock Price Drops Immediately

JAKARTA - Travis Scott's concert that killed 8 spectators and injured dozens of people resulted in more than a dozen lawsuits from the victims and their families. They filed charges against several defendants, including Scott and concert promoters Live Nation Entertainment Inc and ScoreMore.

Lawsuits generally accuse Live Nation of acting negligently by failing to establish and enforce adequate safety protocols, failing to provide adequate security, and failing to maintain proper crowd control.

Live Nation issued a statement Monday, November 8, saying the company "will address all legal issues in a timely manner." Scott's representatives declined to comment on the civil suit being filed.

Meanwhile, an eyewitness and brother of the Danish Baig victim, Basil Baig, testified.

"As soon as Travis Scott came out, it went crazy. People started punching, pushing, and doing horrendous things to each other. There was no room to breathe," Baig said.

"We want justice for Danish and all the children, families, and those who lost their loved ones. We will get justice from Travis Scott. You are responsible. Your hands are covered in blood, man."

Attorney Tony Buzbee said at a press conference on Monday, November 8 that his company plans to sue on behalf of Axel Acosta, 21, who died at the festival, and at least 34 other victims.

"It's clear that this concert was very poorly planned," Buzbee told reporters. He said that video footage of the event, which was uploaded to social media before and during the deadly mass spike on Friday, November 5, showed scenes of pure and total chaos.

"Axel died in the muddy ground from a concert he attended for fun," Buzbee said.

"Neither Travis Scott nor the entourage ... the promoters, organizers or sponsors cared enough for Axel to make minimal efforts to keep him and others at the concert safe."

Various heated demands resulted in a decrease in shares of promoter Live Nation by 5.4 percent on Monday, November 8. The company later said in a statement that it had met with authorities and handed over all video footage of the concert.

Live Nation also said it had offered participants refunds and plans to provide mental health counseling and help pay for medical expenses for the victims.

Police have opened a criminal investigation into the incident, and Judge Lina Hidalgo, has called for an independent investigation.

Roderick Payne, a crowd control expert whose company provides security for large-scale events, told Reuters that authorities would review security plans and determine if anything went wrong.

However, he also said there were limits to how much security one could do when dealing with large crowds like a Travis Scott concert. "You can't prevent 50.000 people from trampling on anyone," he said.