We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Fyre Festival Investor Can Pursue $3M Claim Amid Ch. 7

Law360 (June 12, 2018, 4:49 PM EDT) -- A New York bankruptcy judge has agreed to let an investor for the doomed Fyre Festival pursue a $3 million claim against the company and its organizers while the beleaguered concert operation goes through liquidation.

U.S. Bankruptcy Judge Martin Glenn ruled Thursday that the automatic stay created by Fyre Festival LLC's Chapter 7 filing does not bar investor EHL Funding LLC from proceeding with cases against the festival or its organizers.

EHL had asked for relief from the stay so it could pursue two cases seeking...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.