SFX Entertainment, Inc. Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On March 17, 2016, a motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of SFX Entertainment, Inc. and its affiliates.

The filing was assigned docket number 244 and is described on the court’s official docket as follows:

Motion to Approve Sale // Motion of the Debtors for Entry of an Order (A) Approving Bid Procedures Relating to the Sale of all or Substantially All of the Assets of Flavorus, Inc., (B) Establishing Procedures in Connection with the Assumption and/or Assignment of Certain Executory Contracts and Unexpired Leases, (C) Approving Notice Procedures, and (D) Granting Related Relief Filed by SFX Entertainment, Inc.. Hearing scheduled for 4/5/2016 at 10:30 AM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #4, Wilmington, Delaware. Objections due by 3/29/2016. (Attachments: # (1) Notice # (2) Exhibit A) (Meloro, Dennis)

SFX Entertainment, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 1, 2016. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 16-10238. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Greenberg Traurig, LLP is acting as lead bankruptcy counsel to SFX Entertainment, Inc. in the bankruptcy case.


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