Woodstock 50's Ex-Investors Have No Authority to Cancel Festival, Supreme Court Rules

Though festival boss Michael Lang calls the May 15 ruling a win, he will still have to find emergency investors in order to save the weekend event planned for Watkins Glen, New York in August.

AceShowbiz - The Woodstock 50 anniversary festival is officially still alive.

New York Supreme Court Justice Barry Ostrager ruled the weekend event in August was no longer officially cancelled, as investors at Japanese advertising and marketing company Dentsu Aegis, who pulled out late last month (April 2019), had no authority to scrap the festival.

But the lawmaker denied a request from Woodstock 50 lawyer Marc Kasowitz for an injunction forcing the company's bosses to return the remainder of the $49 million (£38 million) they had agreed to invest in the festival.

Festival boss Michael Lang, who also organised the original Woodstock in 1969, now has to find emergency investors in order to save the event, planned for Watkins Glen, New York on 16-18 August.

Jay-Z, Dead & Company and Imagine Dragons will be among the headliners if the show goes on.

Calling the court ruling on Wednesday, May 15, a win, Lang said, "We have always relied on the truth and have never lost faith that the festival would take place. I would like to thank all of the talent and their representatives for their patience and support. Woodstock 50 will be an amazing and inspiring festival experience."

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