Fyre Festival ticket holders win $7,220 each in settlement

(Photo: NYTimes)
Nearly four years after an infamous festival that was billed as an ultraluxurious musical getaway in the Bahamas left attendees scrounging for makeshift shelter on a dark beach, a court has decided how much the nightmare was worth: approximately $7,220 apiece.اضافة اعلان

The $2 million class-action settlement, reached Tuesday in US Bankruptcy Court in the Southern District of New York between organizers and 277 ticket holders from the 2017 event, is still subject to final approval, and the amount could ultimately be lower depending on the outcome of Fyre’s bankruptcy case with other creditors.

But Ben Meiselas, a partner at Geragos & Geragos and the lead lawyer representing the ticket holders, said Thursday that he was happy a resolution had at last been reached.

“Billy went to jail, ticket holders can get some money back, and some very entertaining documentaries were made,” Meiselas said in an email mentioning Billy McFarland, the event’s mastermind. “Now that’s justice.”

Lawyers representing the trustee charged with Fyre’s assets did not immediately respond to a request for comment.

McFarland and the festival’s co-founder, rapper Ja Rule, have faced more than a dozen lawsuits against their company, Fyre Media, in the event’s aftermath. The plaintiffs have sought millions and alleged fraud, breach of contract, and more.

McFarland, 29, is serving a six-year prison sentence after pleading guilty to wire fraud charges. In 2018, a court ordered him to pay $5 million to two North Carolina residents who spent about $13,000 apiece on VIP packages for the Fyre Festival.

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