Law360, New York (July 10, 2017, 8:40 PM EDT) -- A trio of investors hit Fyre Festival LLC on Friday with a petition to drag the ill-fated events company into involuntary Chapter 7 bankruptcy, in the latest suit seeking to recoup money lost on the “luxury” music festival that spiraled into an utter debacle. The three individual investors told a New York bankruptcy court they put a total of roughly $530,000 into the company, a subsidiary of Fyre Media LLC. The two companies produced the now-infamous Fyre Festival, a musical event on a private island in the Bahamas originally billed as the “cultural experience of the decade” that quickly collapsed due...

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