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Cohen Milstein Sellers & Toll PLLC Announces the Investigation of SFX Entertainment, Inc. — SFXE

WASHINGTON, Oct. 16, 2015 (GLOBE NEWSWIRE) -- Cohen Milstein Sellers & Toll PLLC is conducting an investigation to determine whether SFX Entertainment, Inc. ("SFX" or the "Company") and certain of its officers and directors made false and misleading statements and/or omissions in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

A class action lawsuit was filed in the U.S. District Court for the Southern District of New York by another law firm on behalf of purchasers of the common stock of SFX Entertainment, Inc. (SFXE) between February 25, 2015 to August 17, 2015, inclusive (the "Class Period").

The complaint alleges that SFX and certain of its officers and directors ("Defendants") made materially false and misleading statements concerning the proposed acquisition by Robert F.X. Sillerman, Chief Executive Officer of SFX, of the Company's remaining outstanding shares in a going private transaction. Specifically, plaintiff alleges that: (1) while Sillerman repeatedly affirmed his commitment to acquire SFX, he failed to disclose that he did not have any financing in place at the time he made his...