The fate of Woodstock 50 still hangs in the balance.
A second day of hearings is set in New York Tuesday over accusations that the festival's main financial backer cut off support just before tickets were to go on sale.
Judge Barry R. Ostrager repeatedly told attorneys that the goal was to determine if contracts had been breached, not whether the planned event held a special historic or sentimental importance.
While organizer Michael Lang was not present at Monday's hearing, his associate, hotel executive Greg Peck may have undercut their case against the Japanese firm Dentsu, which is trying to cut ties with the Woodstock folks. Peck claimed that they had received offers from backers interested in replacing Dentsu, if they are successful in canceling the $18 million pledged to Woodstock 50.
Amidst charges of "misrepresentations, incompetence, and contractual breaches," the hearing resumes Tuesday morning. (Billboard)