SFX Entertainment Inc. investors and the company’s former directors can settle for $6.75 million a securities fraud class suit over a 2015 proposed acquisition after a New York federal district judge signed off on the deal.
Investors accused the former directors of the live music conglomerate, now a private firm known as LiveStyle Inc., of misleading them about founder Robert F.X. Sillerman’s 2015 plan to buy the company, the U.S. District court for the Southern District of New York said. Sillerman passed away in November, but his estate agreed to contribute an additional $750,000 as part of the settlement. ...
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