Trio Claim SFX Execs Conned Them Out Of $100M In Stock

Law360, Los Angeles (February 5, 2014, 7:03 PM EST) -- Electronic dance music promoter SFX Entertainment Inc. and two of its executives were hit Wednesday with a suit in California federal court alleging they schemed to defraud three of its alleged founders out of stock worth more than $100 million.

Paolo Moreno, Lawrence Vavra and Gabriel Moreno claim they came up with the idea for SFX and developed the company, but that CEO Robert F.X. Sillerman, whom they allowed to become a strategic partner at the insistence of Vice Chairman Sheldon Finkel, misled them into believing...
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