The New York Supreme Court says investors did not have the rights to cancel the festival in the first place.
Woodstock50 is still on according to festival organizers, and was hastily cancelled by the investors after pulling out.
“We have always relied on the truth and have never lost faith that the Festival would take place,” said Woodstock co-founder Michael Lang. “Woodstock 50 will be an amazing and inspiring festival experience.”
Gregory Peck, one of Lang’s partners in Woodstock LLC added in a statement after the ruling, “Now that the court has confirmed that the Festival was never validly cancelled and is going forward, Woodstock 50 can focus on finalizing the necessary funding arrangements.”
It’s unclear where organizers will find the millions of dollars of new financial backing it will need to put on the planned festival. In April rumors of disorganization and missing permits prefaced the hasty cancellation, and no update has been made about acquiring the proper documents to continue.