Fyre Festival attendees have been dealt a definitive blow to their prospects of recovering a cloth portion of their promised settlement. 

In Could a category motion settlement ruling by the US chapter court docket of New York was accepted, successfully paving the way in which for the plaintiffs—consisting of 277 attendees—to obtain as much as $7,220 per individual for a complete settlement of over $2 million.

Nonetheless, that preliminary determine has modified drastically as a consequence of the truth that the Chapter Trustee, Gregory Messer, was capable of recuperate solely $1.4 million in belongings from the failed competition firm. To make issues worse, $1.1 million of that sum went again in the direction of paying court docket and authorized charges, leaving simply $300,000 to service the competition’s collectors, which incorporates ticket-holders.

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