Four long years after the infamous Fyre Festival was hit with multiple class action lawsuits from angry ticket holders, a settlement has now finally been reached, which will find 277 attendees each getting $7,220 USD.
The lawyers representing ticket holders and the trustee charged with Fyre's assets just reached a settlement, Billboard reports. And while it will find those festivalgoers each getting $7,220 on paper, the actual amount paid out could be lower as a result of the festival's ongoing bankruptcy case with various creditors.
"It's a small but significant step for ticket holders who were defrauded and had their lives up ended as a result of the fraudulent conduct by [Fyre founder Billy] McFarland," Ben Meiselas, partner at Geragos & Geragos and lead attorney for the class-action representing the ticket holders, told the publication.
Lawyer Mark Geragos was the first to file a $100 million class action lawsuit against McFarland and his Fyre co-founder Ja Rule back in 2017.
"Shockingly, Defendants had been aware for months that their festival was dangerously under-equipped and posed a serious danger to anyone in attendance," the class-action lawsuit stated.
Soon after, other lawsuits from angry festivalgoers also came after McFarland and the failed festival.
McFarland is currently serving a six-year prison sentence after pleading guilty to various fraud charges.
The lawyers representing ticket holders and the trustee charged with Fyre's assets just reached a settlement, Billboard reports. And while it will find those festivalgoers each getting $7,220 on paper, the actual amount paid out could be lower as a result of the festival's ongoing bankruptcy case with various creditors.
"It's a small but significant step for ticket holders who were defrauded and had their lives up ended as a result of the fraudulent conduct by [Fyre founder Billy] McFarland," Ben Meiselas, partner at Geragos & Geragos and lead attorney for the class-action representing the ticket holders, told the publication.
Lawyer Mark Geragos was the first to file a $100 million class action lawsuit against McFarland and his Fyre co-founder Ja Rule back in 2017.
"Shockingly, Defendants had been aware for months that their festival was dangerously under-equipped and posed a serious danger to anyone in attendance," the class-action lawsuit stated.
Soon after, other lawsuits from angry festivalgoers also came after McFarland and the failed festival.
McFarland is currently serving a six-year prison sentence after pleading guilty to various fraud charges.