The luxury-themed festival collapsed last weekend after hundreds of guests descended on the island to find no music, half-built tents and portable lavatories.
The event, run by rapper Ja Rule and business partners on the island of Exumas, had been advertised as "the cultural experience of a decade" with attendees such as supermodels Bella Hadid and Emily Ratajkowski.
The lawsuit filed by a guest said: "The festival's lack of adequate food, water, shelter and medical care created a dangerous and panicked situation among attendees.
"It was closer to The Hunger Games or Lord of the Flies than Coachella."
Tickets to the two week event cost up to £9,200, while VIP entry would set you back as much at £77,000.
Organisers apologised over the weekend, announcing all festival-goers would be refunded and all guests from this year will have free VIP passes to next year’s festival.