SUITS CONTINUE AGAINST SFX'S SILLERMAN

Now that SFX is out of bankruptcy court, rebranded and run by new management, it doesn’t mean that former CEO Robert Sillerman has his legal woes behind him.

Former board vice chairman Mitchell Slater, a good friend of Sillerman’s, has sued Sillerman in New York, stating he never repaid a loan of $2.5 million. Slater, who was COO of Sillerman’s previous company CKX, lent Sillerman the money in April 2015, requested via a letter dated 9/22 that he be repaid by 10/3 and has since received bupkis.

Amplify reported that Slater wrote “I will promptly pursue all available remedies including, but not limited to, my right to commence an action for the Payment plus all legal fees, expenses and disbursements incurred in connection with the enforcement and collection of the note.” He says he is owed $2,517,266.67.

Slater is hoping a judge will issue a summary judgment forcing Sillerman to repay the loan plus attorney fees.