Trustees working to claw back money owed to investors, lenders and attendees of the 2017 bankrupt music extravaganza Fyre Festival settled a lawsuit with model and influencer Kendall Jenner for $90,000⁠—less than half of the $275,000 she was sued for in connection to a promotional Instagram post. Kendall Jenner walks the runway during the Versace fashion show as part of Milan Fashion Week in ... [+] February. Bankruptcy law allows trustees to recover, or claw back, payments made before a company filed for bankruptcy, and Jenner and other entertainers were sued by Fyre Festival trustees to recover money for creditors. According to court documents, Jenner was allegedly paid $250,000 to promote the festival in a single, now-deleted Instagram post, along with an additional $25,000 a few days after the post went live. “So hyped to announce my G.O.O.D Music Family as the first headliners for @fyrefestival,” Jenner wrote in the deleted post, according to court documents.

Source: Forbes May 20, 2020 20:26 UTC