Name: Fyre Festival Reaches Financial Settlement With 277 Ticketholders
Brand: variety.com
SKU: variety-com-187
Availability: OnlineOnly

critic

Fyre Festival Reaches Financial Settlement With 277 Ticketholders

preview

The has reached a settlement with 277 ticketholders from the famously disastrous 2017 concert-that-never-happened, with each recipient being awarded $7,220 payouts. The settlement between the ticketholders and the trustee of Fyre festival assets was filed in U.S. Bankruptcy Court in the Southern District of New York on Tuesday; the news was first reported by .Ben Meiselas of Geragos and Geragos, lead attorney for the class-action suit, told Variety, “It’s a small but significant step for ticketholders who were defrauded and had their lives up ended as a result of the fraudulent conduct by [Fyre founder Billy] McFarland.” He added that because there are multiple creditors involved in the chaotic aftermath of the festival, each ticketholder may not receive the full $7,220, but “there will be monetary relief in some form or fashion pending approval.”A hearing is set for May 13 to approve the settlement.The festival was positioned as a luxury concert event featuring Migos, Disclosure, Blink-182, Major Lazer and others by McFarland and his business partner, rapper Ja Rule. It was scheduled to take place over two weekends in the spring of 2017 on the island of Exumas in the Bahamas, with ticket prices ranging between $1,000 and $12,000. It was advertised with a splashy video ad filled with models luxuriating on yachts and sun-kissed beaches on an island purportedly formerly owned by Pablo Escobar (who actually never owned an island in the Bahamas).Instead, attendees who had been promised luxury accommodation and meals prepared by celebrity chefs found flimsy tents, boxed lunches and near-total disorganization — and long waits for flights to return to the mainland after airlines began refusing to fly would-be concertgoers to the overcrowded island of Exumas. The event was marred by “i of several people hired for the event who spoke with Variety.No performances took place; amid a litany of legal offenses, in prison in 2018.A Variety and iHeartRadio PodcastadTo help keep your account secure, please log-in again.You are no longer onsite at your organization. Please log in.For assistance, contact your corporate administrator.

The has reached a settlement with 277 ticketholders from the famously disastrous 2017 concert-that-never-happened, with each recipient being awarded $7,220 payouts. The settlement between the ticketholders and the trustee of Fyre festival assets was filed in U.S. Bankruptcy Court in the Southern District of New York on Tuesday; the news was first reported by .Ben Meiselas of Geragos and Geragos, lead attorney for the class-action suit, told Variety, “It’s a small but significant step for ticketholders who were defrauded and had their lives up ended as a result of the fraudulent conduct by...

public

Jem Aswad

Variety is an American media company owned by Penske Media Corporation. The company was founded by Sime Silverman in New York City in 1905 as a weekly newspaper reporting on theater and vaudeville. In 1933 it added Daily Variety, based in Los Angeles, to cover the motion-picture industry. Variety.com features breaking entertainment news, reviews, box office results, cover stories, videos, photo galleries and features, plus a credits database, production charts and calendar, with archive content dating back to 1905.

https://en.wikipedia.org/wiki/Variety_(magazine)

variety.com

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

Fyre Festival Reaches Financial Settlement With 277 Ticketholders

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS