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Share this article Fyre Festival ticket holders will only be awarded a $280 USD payout instead of the previously-agreed amount that could have reached up to $7,220 USD. Documents filed by Gregory Messer, the infamous event’s bankruptcy trustee, revealed that it has only collected $1.4 million USD. $1.1 million USD of that amount will be paid to attorneys and accountants, while the remaining $300,000 USD will be given to creditors who are looking for an amount that’s over $7 million USD including the Fyre Fest ticket holders who won $2 million USD in compensation earlier this April. Messer proposed a $78,391.73 USD payout to 277 ticket holders, leaving them with approximately only $280 USD per person. In comparison, tickets to the festival sold for around $1,200 USD to $100,000 USD in package deals. ....
Fyre Festival Ticketholders to Now Only Receive Measly $281 in Class-Action Payout exclaim.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from exclaim.ca Daily Mail and Mail on Sunday newspapers.
Bankruptcy court filing proposes paying Fyre Festival ticketholders $283 each Trustee in the case was only able to recover $1.4 million to pay to creditors After attorney fees just $300,000 will be left to all the creditors Trustee s plan calls for $78,000 to be distributed to the 277 ticketholders That is just 4% of the $2 million judgement ticketholders won in April ....
Fyre Festival ticket-holders proposed payout slashed bbc.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bbc.co.uk Daily Mail and Mail on Sunday newspapers.