> ## Content Index
> Fetch the complete content index at: https://www.hypebot.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# New Suit Aims To Force SFX’s Sillerman Into Bankruptcy
- URL: https://www.hypebot.com/new-suit-aims-to-force-sfxs-sillerman-into-bankruptcy/
- Published: 2018-01-23T10:40:00.000Z
- Updated: 2018-01-23T10:40:00.000Z
- Description: A second lawsuit has been filed to force SFX Entertainment founder and former CEO Robert Sillerman into bankruptcy to force and asset sale and collect multi-million judgements against him.
- Author: Bruce Houghton
- Tags: Live & Ticketing, Music Business, Amazon, Apple, Apple Music, Google, music, music industry, Music Tech, musician, musicians, Pandora, Spotify, Tech Stories, YouTube, #wp, #wp-post, #Import 2026-01-21 10:05

[![image from www.hypebot.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2d29cd2970c-200wi "image from www.hypebot.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2d29cd2970c-popup?ref=hypebot.com)A second lawsuit has been filed to force SFX Entertainment founder and former CEO Robert Sillerman into bankruptcy to force and asset sale and collect multi-million judgements against him. 

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

[![Robert Sillerman](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb09eb9cca970d-500wi "Robert Sillerman")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb09eb9cca970d-popup?ref=hypebot.com)  

*By *Dave Brooks* of live music trade *[Amplify](http://ampthemag.com/the-real/react-presents-founders-try-force-sfx-founder-robert-sillerman-bankruptcy/?ref=hypebot.com)**The promoters behind Chicago EDM powerhouse React Presents are trying to push former SFX CEO Robert Sillerman into involuntary bankruptcy to collect a $7.4 million judgement.Lawyers for Lucas King and Jeffrey Callahan are asking a federal bankruptcy judge to push Sillerman into Chapter 7 bankruptcy over an unpaid promissory note he guaranteed for the purchase of React Presents. Last month, King and Callahan won a judgment against Sillerman over the debt they are now seeking to collect.Sillerman bought React Presents in 2014, part of a global buy up of EDM promoters that included Disco Donnie Presents in Florida and ID&T in Holland. As part of the buyout, Sillerman issued King and Callahan a $10 million promissory note for React Presents and ClubTix Inc  
In February 2016, Sillerman and SFX filed for bankruptcy and the company was eventually taken over by its senior creditors, renamed LiveStyle and is now helmed by former AEG executive Randy Phillips and HARD founder Gary Richards. A month after Sillerman filed for bankruptcy, King and Callahan filed a lawsuit against Sillerman to collect on the promissory note.Sillerman also faces a similar action from ESFX Holdings, a shell company not officially linked to SFX, which won a $14.6 million judgement against Sillerman and is now trying to force the sale on a property owned by Sillerman and his wife on the Upper East Side of Manhattan.

Related articles

[![](http://i.zemanta.com/382233151_80_80.jpg)](https://www.hypebot.com/copyright-maximalists-throw-in-towel-on-copyright-term-extension-admit-it-potentially-too-long/)[Copyright Maximalists Give Up Term Extension Battle](https://www.hypebot.com/copyright-maximalists-throw-in-towel-on-copyright-term-extension-admit-it-potentially-too-long/)

[![](http://i.zemanta.com/382223238_80_80.jpg)](https://www.hypebot.com/boosting-ticket-sales-using-distribution/)[How To Boost Ticket Sales With Broader Distribution](https://www.hypebot.com/boosting-ticket-sales-using-distribution/)

[![](http://i.zemanta.com/378735238_80_80.jpg)](https://www.hypebot.com/hypebot/2017/05/changes-livestyle-warner-nashville-rhino-uppm-wow-flutter-big-machine-kobalt-more-.html)[CHANGES @ LiveStyle – Warner Nashville – Rhino – UPPM – Wow & Flutter – Big Machine – Kobalt – More](https://www.hypebot.com/hypebot/2017/05/changes-livestyle-warner-nashville-rhino-uppm-wow-flutter-big-machine-kobalt-more-.html)

[![](http://i.zemanta.com/368503970_80_80.jpg)](http://www.musicthinktank.com/blog/long-live-edm.html?ref=hypebot.com)[Long Live EDM](http://www.musicthinktank.com/blog/long-live-edm.html?ref=hypebot.com)

[![](http://i.zemanta.com/382043614_80_80.jpg)](https://www.hypebot.com/creditors-demand-bankruptcy-for-robert-fx-sillerman/)[Creditors Demand Bankruptcy For Robert F.X. Sillerman](https://www.hypebot.com/creditors-demand-bankruptcy-for-robert-fx-sillerman/)

[![](http://i.zemanta.com/AWEXyNEZA73bpASWStPk_80_80.jpg)](https://phoenixbankruptcy.co/happens-fail-the-bankruptcy-means-test/?ref=hypebot.com)[What Happens If You Fail the Bankruptcy Means Test?](https://phoenixbankruptcy.co/happens-fail-the-bankruptcy-means-test/?ref=hypebot.com)

[![](http://i.zemanta.com/AWEQDB5FGs7FVMRNfxJH_80_80.jpg)](https://gustancho.com/va-loans-after-bankruptcy?ref=hypebot.com)[Getting Approved For VA Loans After Bankruptcy District Of Columbia](https://gustancho.com/va-loans-after-bankruptcy?ref=hypebot.com)