A class action lawsuit filed by ticket-holders of the ill-fated Fyre Festival can go forward for now, a judge ruled, while also tossing the fraud claims against rapper and festival promoter Ja Rule.
Federal Judge Kevin Castel ruled that Ja Rule, real name Jeffrey Atkins, and the Fyre Festival's chief marketing officer, Grant Margolin, could not have known the festival was going to devolve into chaos when they were promoting it to wealthy attendees and social-media influencers. He gave plaintiffs three weeks to provide new evidence that Rule and Margolin were party to anything more than marketing "puffery."
Ja Rule was a regular presence in the months leading up to Fyre, alongside Billy MacFarland, the Fyre Festival organizer who is now serving a six-year fraud sentence. The two were captured on video in dueling documentaries on Netflix and Hulu boasting about the success of the 2017 concert in the Bahamas, even in the 24 hours leading up to it, when it became obvious to even casual observers that the festival was doomed.
Judge Castel wrote: "There is no assertion that the Festival when first conceived or introduced to the public was intended not to go forward or that defendants intended not to perform by organizing the advertised amenities and accommodation."
Ja Rule's freedom from legal entanglement with the Fyre Festival may help him as he embarks on his latest business endeavor: a music festival that he says he wants to be just like Fyre, only functional.
Karl Farmer, Vice President and Portfolio Managers at Rockland Trust Bank, breaks down why inflation and interest rates may stick at these levels, and why Bitcoin still carries some risks.
If you wince at the grocery store checkout, you’re not alone. Wall Street Journal reporter Jesse Newman breaks down why prices are so high – and not going down anytime soon.
An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month. (Getty Images)
Glen Smith, CIO at GDS Wealth Management, shares how investors can allocate their assets as the market broadens and why he’s eyeing June for the first potential rate cut.
After years of price increases for cars and trucks in the United States, costs are slowing and in some cases falling, helping cool overall inflation and giving frustrated Americans more hope of finding an affordable vehicle.
Missed out on the Nvidia wave? Oh course you did — you’re reading this article aren’t you, instead of luxuriating on a white-sand beaches of Bali. But here are at least four other promising semiconductor stocks to add to your portfolio.
