JUNE 25, 2020: A GLOBAL SETTLEMENT HAS BEEN REACHED THAT WILL PROVIDE PURCHASERS AND VENDORS $450,000.00 IN COMPENSATION.
A SETTLEMENT WEBSITE WILL SOON BE AVAILABLE WHERE PURCHASERS MAY FILE A CLAIM AGAINST THE SETTLEMENT ONLINE.
This site is managed by attorneys at Poynter Law Group, PLLC.
In December of 2018, the Pulaski County Circuit Court of Arkansas approved a class action settlement with the promoter and promotion companies of Thunder on the Mountain. The settlement provided a lien against any recovery by the promoters of Thunder on the Mountain in a lawsuit they were pursuing in federal court in Kansas against their partners in Thunder, which were two venture capital firms (known as Madison and Horsepower).
In mid-February of 2020, the producer and his production companies successfully tried their case to a jury and secured a verdict of $7.06 million against Madison and Horsepower. However, the Defendants filed several post-trial motions that threatened any recovery.
A global resolution has now been reached that will settle the Kansas case and the Arkansas cases for would be music festival goers and purchasers of vendor booths. The settlement will provide $450,000 in funds for those that were not able to gain a refund or charge back to their debit or credit card.
A Settlement Administrator has been hired to contact the class members and provide them with a formal notice of settlement. So be on the lookout in your email and mail for such a notice. Additionally, a website will soon be established for class members to file online claims.
More information to follow.