Talent agency Paradigm has been participating in settlement talks with the trustee overseeing the Fyre Fest bankruptcy, taking a different position from agencies like CAA and UTA, which have not been able to reach an agreement on $585,000 in payments to artists booked to perform at the famously doomed festival.
On Wednesday, lawyers for trustee Greg Messer filed more than a dozen lawsuits against companies including American Express, modeling agency DNA and four talent agencies in connection with about $16 million fraudulently raised and spent by founder Billy McFarland, who is serving a six-year prison sentence in connection with Fyre. Besides suing a number of agencies for bands connected to the festival, none of which performed, Messer is also suing models Kendall Jenner and Emily Ratajkowski for accepting hundreds of thousands in payments in exchange for promoting the festival on social media.
Agency IMG and 12 of its fashion model clients have also began settlement talks with Messer, although Paradigm is the only talent agency for music acts currently in settlement discussions with the trustee, according to a stipulation filed in New York federal court asking for an extension of time to resolve the case. (Messer is also engaged in settlement talks with IMG).