July 19, 2019
The directors of dance music festival promoter SFX Entertainment Inc. and its CEO have agreed to pay $7.5 million to settle an investor suit alleging they tried to fraudulently bolster the company's stock price before declaring bankruptcy in February 2016.
September 14, 2016
Music event promoter SFX Entertainment Inc. filed an amended Chapter 11 plan on Tuesday tweaking how it treats unsecured creditors owed more than $367 million to gain their support, a day after a New York federal judge said investors have a viable claim against the company's CEO.
February 24, 2016
Dance music festival promoter SFX Entertainment Inc. asked the Delaware bankruptcy court Wednesday to extend Chapter 11's litigation shield to its Chairman and CEO Robert F.X. Sillerman and several other directors connected to a New York shareholder lawsuit accusing them of trying to pump up the debtor's stock.