SFX Entertainment has settled one of the two outstanding lawsuits against it.

Last August, Paolo Moreno, who claimed he was behind the original idea for SFX, filed a class action lawsuit against the firm’s CEO Robert Sillerman (pictured), alleging fraud and breach of contract. Moreno, along with two other men, claimed Sillerman had cut him out of the business once it began to take off.

However, documents obtained by Mixmag, show the class action lawsuit has now ...