The co-founder of Sacramento’s TDB Fest is being sued for breach of contract
Budding California music festival TBD Fest brought Porter Robinson, RL Grime, Madeon, and Pretty Lights to Sacramento this year to represent the electronic portion of their lineup. Almost three months after the second annual gathering, the co-founder has been named in a new lawsuit.
According to The Sacramento Bee, Clay Nutting has been named in a lawsuit over nonpayment of a $200,000 loan. The lawsuit was filed by Katrina Arnaud, a Sacramento-based accountant who alleges she gave out a loan to Clay Nutting to pay for the three-day event. A contract submitted in the lawsuit shows that the $200,000 loan was to be paid back on August 10th, through profits received from sponsorships and ticket revenues.
The first year of the festival also brought along financial hardships. According to one of its co-founders, TBD Festival lost an undisclosed amount of money in 2014, when Justice, Empire of the Sun, and Dillon Francis were in tow. A handful local artists and food vendors were not paid the balance of what was owed to them, according to several reports from those involved. A conference regarding the lawsuit filed by Katrina Arnaud is scheduled for July 21 in Sacramento Superior Court.
Via: The Sacramento Bee