Fyre Festival attendees to receive R100 000 each in settleme

Fyre Festival attendees to receive R100 000 each in settlement


Photo: Patrick McMullan/Patrick McMullan via Getty
Organisers behind the disastrous Fyre Festival have reportedly reached a $2 million (R28.5 million) settlement with ticketholders, meaning that each of the 277 attendees will receive $7 220 (R100 000). 
The settlement comes almost four years after the $100 million class-action lawsuit was filed,
The publication writes that each attendee could potentially receive less than the settlement amount as Fyre Festival is still in the middle of a bankruptcy case with several creditors. 
Quoting Billboard, NME adds that lawyers representing ticketholders for the event have secured a settlement, but still need a vote of approval which is expected to take place on 13 May.

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