Fyre Festival Ticket Holders will receive a refund of $ 7,000 each under the proposed settlement
Four years after the infamous disaster guys festival If a class action lawsuit took place, participants could finally get their money back.
Ticket holders who suffered from the Fyre Festival are reportedly being reimbursed $ 7,220 each as part of a new settlement proposal in federal bankruptcy court.
If approved, the $ 2 million deal would offer partial to full refunds to 277 unfortunate attendees who spent between $ 1,000 and $ 12,000 on tickets to the biggest party that has never happened before.
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The Fyre Festival should take place in April 2017 with a star-studded guest list that can keep up with its line-up in the exotic destination of Exumas. Bad planning and execution, bad weather – and perhaps most disappointingly, the cheese sandwiches – made for a devastating cocktail at the Fyre Festival.
The founder of the event, Billy McFarland is still in jail after being sentenced to six years in prison for fraud related to the festival. Co-organizer Yes rule was freed from any wrongdoing.
A hearing for final approval of the proposed settlement is scheduled for May 13th.
Source: The Verge