VANCOUVER, BC (CelebrityAccess) — A judge in British Columbia has agreed to let Ticketfly Canada attempt to recover money it lost after organizers for the Pemberton Music Festival abruptly filed for bankruptcy last year.
The festival was canceled last year after its owner, Pemberton Music Festival Limited Partnership (PMFLP), abruptly filed for bankruptcy in May, about two months before the event was scheduled to take place.
At the time, the cancellation appeared to be particularly egregious, with organizers selling tickets right up until the moment it was canceled, and for two days after PMFLP filed for bankruptcy.
Worse for fans, when Pemberton was canceled, festival organizers offered no plans to reimburse ticketholders, instead, telling them to seek through “chargebacks” on their credit cards. According to the Vancouver Sun, those credit card “charge backs” cost Ticketfly $7.9 million.
As the Sun noted, Ticketfly applied to the bankruptcy trustee in a bid to recoup its losses, but its application was rejected twice after the trustee claimed that Ticketfly had signed an agreement with Huka Entertainment, who produced the festival on behalf of PMFLP, and not with PMFLP itself.
However, on August 3rd B.C. Supreme Court Justice Nitya Iyer set aside the previous decision and ruled that because Huka Entertainment had previously instructed Ticketfly to remit revenue collected through advanced ticket sales to PMFLP, that Ticketfly was entitled to seek compensation for their losses from PMFLP, the Sun reported.
Per the Vancouver Sun, Ticketfly will have until Aug. 31 to provide the court with financial documents detailing the ticket sales and the cost incurred by the chargebacks.
