SFX considering legal action against Sillerman

Court documents outlining a revised bankruptcy rescue plan make provision for claims against Robert FX Sillerman for alleged breaches of corporate responsibility

News By | 28 July 2016

Former SFX Entertainment CEO Robert Sillerman

The new management of SFX Entertainment – believed to be led by two senior creditors, investment firms Allianz and Axar Capital Management – has signalled its intention to bring charges against the company’s former directors, including ex-CEO Robert FX Sillerman.

In new documents, filed in the Delaware bankruptcy court yesterday, outlining an alternative post-bankruptcy plan for the dance music promotion group following the axing last month of its previous restructuring support agreement (RSA), SFX (‘the debtors’) says it may seek…

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