SFX shareholder’s motion for committee of equity holders denied

By Marisa Wong

Morgantown, W.Va., Oct. 12 – A motion filed by an SFX Entertainment, Inc. shareholder to appoint an official committee of equity security holders was denied, according to an order filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

The motion had been filed by shareholder WPP Luxembourg Gamma Three Sarl.

The court denied the motion after reviewing the motion, letters in support of the motion and objections filed by the debtors, the U.S. Trustee, the creditors’ committee, the debtor-in-possession lenders and the ad hoc committee.

SFX, a New York-based producer of live events and entertainment content, filed bankruptcy on Feb. 1, 2016. The Chapter 11 case number is 16-10238.

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