On April 14, 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 436 and is described on the court’s official docket as follows:
Motion For Sale of Property Free and Clear of Liens under Section 363(f)(FEE) // Motion of the Debtors for Entry of an Order: (I) Authorizing the Sale of all or Substantially all of the Assets of Beatport, LLC Free and Clear of all Liens, Claims, Encumbrances and Interests; (II) Approving the Final Asset Purchase Agreement; (III) Authorizing the Assumption and Assignment or Rejection of Certain Executory Contracts and Unexpired Leases; and (IV) Granting Related Relief Fee Amount $176 (related document(s)) Filed by SFX Entertainment, Inc.. Hearing scheduled for 5/5/2016 at 10:30 AM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #4, Wilmington, Delaware. Objections due by 4/28/2016. (Attachments: # (1) Notice # (2) Exhibit A # (3) Exhibit B) (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.