Block & Leviton LLP Investigates Board Of Directors Of SFX Entertainment, Inc. (NASDAQ: SFXE) for Possible Breaches of Fiduciary Duty in Connection with Proposed Acquisition by Its Chairman, CEO, and Controlling Shareholder

BOSTON, May 26, 2015 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors nationwide, is investigating possible breaches of fiduciary duty by the Board of Directors of SFX Entertainment, Inc. ("SFX" or the "Company") (NASDAQ: SFXE) concerning the proposed acquisition of the Company by its Chairman, CEO, and controlling shareholder, Robert F.X. Sillerman.

Under the terms of the proposed transactions, shareholders of the Company will receive $5.25 in cash for each share of SFX common stock they hold, in a transaction valued at approximately $774 million. The Company has traded above $5.25 per share as recently as October 2014. The proposed transaction appears to benefit the CEO, Mr. Sillerman, at the expense of Company shareholders.

Block & Leviton's investigation seeks to determine, among other things, whether directors of the Company breached their fiduciary duties by failing to maximize shareholder value in the potential acquisition and the process by which the directors considered and approved the transaction.

If you are a shareholder of SFX Entertainment and have questions about your legal rights, or if you have information relevant to this investigation, please contact attorney Joel Fleming, at (617) 398-5600 or email him at [email protected].

Block & Leviton is a Boston-based law firm representing investors nationwide for violations of securities laws. The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 70 years. This notice may constitute attorney advertising.

Contact:
BLOCK & LEVITON LLP
Joel Fleming, Esq.
[email protected]
(617) 398-5600

SOURCE Block & Leviton LLP

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