SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against SFX Entertainment, Inc.

WILMINGTON, Del., Sept. 23, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:

• Do you, or did you, own shares of SFX Entertainment, Inc. (NASDAQ GS: SFXE)?
• Did you purchase your shares between February 25, 2015 and August 17, 2015, inclusive?
• Did you lose money in your investment?

Rigrodsky & Long, P.A. announces that a complaint has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the common stock of SFX Entertainment, Inc. ("SFX" or the "Company") (NASDAQ GS: SFXE) between February 25, 2015 and August 17, 2015, inclusive (the "Class Period"), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the "Complaint").

If you purchased shares of SFX during the Class Period, or purchased shares prior to the Class Period and still hold SFX, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to [email protected]; or at: http://rigrodskylong.com/investigations/sfx-entertainment-inc-sfxe-2.                              

The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company's business, operations and prospects.  As a result of defendants' alleged false and misleading statements, the Company's stock traded at artificially inflated prices during the Class Period.

According to the Complaint, on August 18, 2015, SFX terminated the Merger Agreement with Robert F.X. Sillerman, the Company's Chief Executive Officer, who agreed to purchase SFX for $5.25 per share.   

On this news, shares in SFX dropped over 13%, closing at $1.15 per share on August 18, 2015, on heavy trading volume.         

If you wish to serve as lead plaintiff, you must move the Court no later than November 10, 2015.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT: 

Rigrodsky & Long, P.A.
Timothy J. MacFall, Esquire
Peter Allocco
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
[email protected]
http://www.rigrodskylong.com

SOURCE Rigrodsky & Long, P.A.

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