The show organizer already has their money for the booth fees.
Good short term for Reed. Long term future business doesn’t look so good.
“The show organizer already has their money for the booth fees.”
That’s chickenfeed! The gate is where the money is made. Reed is going to take a bath on this show. And that’s a good thing!
I fully expect a class action to recover those + damages. You cannot sell exhibitor spots to a car show and then decide, after taking the money, that no "fast cars" will be allowed on the floor.
Reed did irreparable harm to the interests of the exhibitors.
Cabellas has filled a lawsuit resquesting a return of their money based upon the contract. I expect more to follow.
It is possible that a class action lawsuit will be filed by vendors.
Of course that does not help them short term, but long term Reed is finished.
They may be able to sue. Some enterprising attorney can find a case in this. Sue, sue, sue!!! Force the limey’s to eat up any profit they had hoped to make, in legal fees.
———The show organizer already has their money for the booth fees.———
They also have the contracts for using the space, for labor union services etc etc. They have big trouble