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Woodstock 50 plans roll on; court nixes cancellation bid [View all]
Source: Associated Press
Woodstock 50 plans roll on; court nixes cancellation bid
May 15, 2019
NEW YORK (AP) — The Woodstock 50 festival is back on after a judge said an ex-investor can’t singlehandedly cancel the anniversary extravaganza.
But Manhattan judge Barry Ostrager declined Wednesday to order the backers to put about $18 million back into the festival. The conflict is poised for arbitration.
The order came after a falling-out and dueling claims about whether the festival would happen. It’s planned for August in central New York.
Investor Amplifi Live announced a cancellation April 29. The company, part of Japanese marketing firm Dentsu, said organizers made a mess of planning and the event couldn’t safely go forward.
-snip-
May 15, 2019
NEW YORK (AP) — The Woodstock 50 festival is back on after a judge said an ex-investor can’t singlehandedly cancel the anniversary extravaganza.
But Manhattan judge Barry Ostrager declined Wednesday to order the backers to put about $18 million back into the festival. The conflict is poised for arbitration.
The order came after a falling-out and dueling claims about whether the festival would happen. It’s planned for August in central New York.
Investor Amplifi Live announced a cancellation April 29. The company, part of Japanese marketing firm Dentsu, said organizers made a mess of planning and the event couldn’t safely go forward.
-snip-
Read more: https://apnews.com/8b191c00cfd64ba6b998a593c2c75320
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