Those who have Netflix would know about the Fyre Festival.
Organizers of the infamous festival, immortalized on streaming platform Netflix via the documentary “Fyre: The Greatest Party That Never Happened,” and 277 attendees of said event, has reached a settlement agreement.
“Lawyers representing ticket holders and the trustee charged with Fyre’s assets reached a settlement where each of the victims in the class action lawsuit will receive $7,220, although that figure could be lower depending on Fyre’s bankruptcy case with other creditors.”
This comes four years after the organizers of the botched festival was hit with class action lawsuits, mainly coming from the attendees of the failed festival.
As seen on the Netflix documentary, thousands of attendees were stranded in the Bahamas, stayed in tents and served food on styrofoam containers instead of the promised hotel-style service and leisure activities that came with the festival package advertised by the Fyre organizers.
The organizers of the event were found to “had been aware for months that their festival was dangerously under-equipped and posed a serious danger to anyone in attendance,” the class action stated.
It was also reported that “A vote to approve the class action settlement will take place May 13th.”
“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 McFarland,” Ben Meiselas, the attorney representing the ticket holders, said.
The attorney was referring to Billy McFarland who founded the festival along with Ja Rule in May 2017. McFarland is currently serving a six-year prison sentence when he pleaded guilty due to fraud charges.
“In 2018 McFarland was ordered to pay $ 5 million as part of a lawsuit filed by a pair of plaintiffs who paid for Fyre’s $13,000 VIP package,” Rolling Stone reported.