Fyre Festival has reached a settlement with 277 ticketholders who attended the infamous failed “music festival” in 2017.
Each recipient is being awarded $7,220, …
Fyre Festival has reached a settlement with 277 ticketholders who attended the infamous failed “music festival” in 2017. Each recipient is being awarded $7,220, according to a report by Billboard, for being defrauded by Fyre Festival founder Billy McFarland. “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 McFarland,” said Ben Meiselas, partner at Geragos & Geragos, who represented the ticket holders in the class action lawsuit. Meiselas added that while recipients may not see the full $7,220 because multiple creditors are involved in cleaning up the Fyre mess, “there will be monetary relief in some form or fashion pending approval,” he said. Another hearing settlement is scheduled for May 15. McFarland is currently serving six years in prison for his role in the music festival scandal.
