The U.S. Southern District of New York City Bankruptcy Court has approved a $ 2 million class action settlement for ticket holders to the hapless Fyre Festival.
The disastrous April 2017 event, which promised wonderful luxury and delivered tents and cheese sandwiches, was the subject of two films and was widely ridiculed. The event was co-created by promoter Billy McFarland and rapper Ja Rule. Promoted by influencers such as Kendall Jenner, Bella Hadid and Emily Ratajkowski, the festival, which takes place on the Bahamian island of Great Exuma, has failed on almost every level.
In March 2018, McFarland pleaded guilty to one count of wire fraud and a second count of defrauding a ticket vendor. He was sentenced to six years in prison and lost US $ 26 million. He is still in prison.
Two documentaries detailing the monumental disaster, Fraud Fyre on Hulu and Netflix Fyre: the biggest party that ever happened, captured the post-event outrage.
Settlement of the class action lawsuit was reached between festival organizers and 277 ticket holders. Each ticket holder will receive around $ 7,200, according to reports, but it’s unclear who pays the settlements. The final total has not yet been approved by the court.