Levi & Korsinsky, LLP announces the filing of a class action lawsuit in the United States District Court for the Southern District of New York on behalf of shareholders of SFX Entertainment, Inc. (NASDAQGS: SFXE) who purchased shares of February 25, 2015 and August 17, 2015.
The complaint alleges that defendants failed to disclose during the Class Period that Robert F. X. Sillerman, the Company’s Chief Executive Officer and largest shareholder, knew or recklessly disregarded that he could not obtain the financing to consummate his proposed purchase of the Company. If you suffered a loss in SFX Entertainment you have until November 10, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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