Astroworld Festival $335,000 Settlement: Claim Your Magic Money Refund

If you made a purchase of Magic Money for the Astroworld Festival, which was scheduled for November 5-6, 2021, in Houston, Texas, you may be eligible for a refund due to a class action settlement.

The settlement involves Magic Money LLC, Ceremony of Roses LLC, Cor Merchandising LLC, Scoremore Holdings LLC, Live Nation Worldwide Inc., and Live Nation Entertainment Inc. ("Defendants"). This article aims to provide you with all the necessary information about the settlement, including who benefits, how much you can get, important dates, and how to claim your award.

Who Benefits? Individuals who purchased Magic Money, the exclusive currency for the Astroworld Festival 2021, and did not receive a chargeback or refund are eligible for the settlement award.

How much can I get? The settlement fund totals $335,000. Eligible class members who made purchases with debit or credit cards should receive an automatic refund. Those who used cash, Venmo, or PayPal will need to submit a claim to receive reimbursement.

Important Dates

• Fairness Hearing: The Court held a Fairness Hearing on December 1, 2023, to decide whether to approve the settlement.
• Deadline to File a Claim: The deadline to submit a claim is April 9, 2024.

Understanding Class Membership

The settlement class includes almost everyone who bought Magic Money for the festival and did not receive a refund. This includes purchases made with any payment method, including debit or credit cards, cash, Venmo, or PayPal.

• Individuals who received a chargeback or refund for their Magic Money purchase.
• Officers or directors of the Defendants.

Settlement Awards Explained

Eligible class members are entitled to refunds or reimbursements for their Magic Money purchases. The exact amount of the refund or reimbursement will depend on the individual's purchases and whether they have already received a refund.

• Automatic Refunds: If you paid with a debit or credit card, you should receive an automatic refund without any action on your part.
• Reimbursements for Others: If you paid with cash, Venmo, or PayPal and did not receive an automatic refund, you must submit a claim to receive reimbursement.

The Subject of the Settlement

The settlement revolves around the Magic Money currency that was intended for use at the Astroworld Festival 2021. Due to the event's cancellation, those who purchased Magic Money were unable to use it as intended.

Is Proof Required to Claim the Reward?

Yes, proof is required to claim a refund or reimbursement. For automatic refunds, the original payment method will be credited. For reimbursements, you must submit a claim along with proof of purchase or an affidavit detailing your Magic Money purchases.

How to Claim Your Award

To claim your reimbursement, you must submit a claim to the Potts Law Firm by the deadline. Detailed instructions and the claim form are available on the official settlement website.

If there is a dispute regarding your refund or reimbursement, you must submit a dispute to the Potts Law Firm with all required documentation.

Analyzing the Settlement Amount

The $335,000 settlement fund will be used to provide refunds and reimbursements to class members, after deducting attorney fees, costs, expenses, and incentive awards for the Representative Plaintiffs.

The settlement amount was determined based on the total Magic Money purchases made for the Astroworld Festival 2021 that were not refunded.

Why a Class Action Settlement?

The class action settlement arises from the cancellation of the Astroworld Festival 2021 due to a mass casualty event. Plaintiffs claim they are owed refunds and damages for their Magic Money purchases, leading to the proposed settlement.

If the settlement is approved, it will provide a resolution for all class members' claims against the Defendants, avoiding the need for individual lawsuits.