Same for me. I updated to WordPress to 4.0.1 then my calendar from 2.1.5 to 2.1.7 and when events were clicked on the calendar, I was brought back to the home screen on my site.
I downgraded the calendar software as jayPEG described above back to 2.1.5 and my calendar started working again displaying event information when selected.
I hope this helps you and others.