According to reports, Woodstock 50 organizers will now be forced to come up with their own 18.5 million dollars because the panel of state Appellate Court judges has ruled that the festival’s former finance partner does not have to pay Woodstock any of the money that the organization is asking for.
Four associate justices denied an appeal from Woodstock 50 after festival organizers asked the court to order former financial partner Dentsu Aegis to give back the money that they took out of the Woodstock 50 account when they pulled out of the event.
Dentsu said they had simply recovered funds from the festival bank account that they had originally deposited as a financial partner.
There was no explanation by the Appellate Court and the money had been held by Dentsu’s attorneys during the appeal process.
18 News has reached out to both Dentsu and Woodstock 50 for comment but there is no official comment at this time.
Credit: Poughkeepsie Journal