Entertainment : Woodstock 50 Sues Investors to Recover $17.8 Million Allegedly ‘Pillaged’ From Festival’s Bank Account

Enjoyment: Woodstock 50 Files A Claim Against Capitalists to Recuperate $178 Million Supposedly ‘Looted’ From Event’s Checking account

The coordinators of Woodstock 50 are suing their capitalists asserting they had no right to reveal the celebration was terminated and afterwards they swiped $178 million in the celebration’s checking account.

According to court files gotten by The Blast, Woodstock 50 asserts their financier, Dentsu Inc., created “substantial and also incurable damage” with their “shocking and also prohibited misbehavior.”

” In a collection of sheer, deceptive and also unapproved activities,” W50 asserts, “Dentsu supposed to take control of and also oust W50 from the Event’s manufacturing, and afterwards instantly revealed with news release to the globe on April 29 that it was unilaterally terminating the Event.”

They assert Dentsu after that started call musicians and also “wrongly informing them that they were launched from their agreements with W50 and also the Event, which the entertainers ought to not carry out at the Event, though they have actually all been paid completely.”

Finally, W50 asserts Dentsu “took virtually $18 million in funds from the specialized Event checking account.”

Woodstock 50 states they prepare to toss the celebration as arranged.

They are asking that Dentsu be pushed into mediation and also, in the meanwhile, be purchased to quit badmouthing the celebration and also return the $178 million from the celebration’s checking account.

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