Bankrupt SFX requests to halt lawsuit

James Hanley

SFX Entertainment. is requesting permission from a bankruptcy judge to halt a lawsuit against its chairman Robert FX Sillerman, so it can focus exclusively on its chapter 11 restructuring, reports Dow Jones.

The EDM promoter recently settled one of the two outstanding lawsuits against it, but still faces a separate lawsuit seeking compensation for allegedly misleading investors in Sillerman's bid to take the company private.

Earlier this month, the firm was granted initial approval to begin spending part ...

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