50 Cent Is Suing His Ex-Lawyers for $75 Million
50 Cent’s legal strategy is intriguing to say the least. This year alone has been a tornado of lost court battles and bankruptcy, and now he’s suing his own lawyers because he didn’t like their work, reports Business Insider.
On Tuesday, the Queens native filed suit against a New York City law firm Garvey Schubert Barer claiming the company provided bad representation, thus causing him to lose a $16 million Sleek Audio lawsuit.
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"In connection with this legal representation, as set forth in the complaint, Mr. Jackson became saddled with liabilities exceeding $18 million, not including the millions he spent in legal fees,” said lawyer Craig Weiner of the firm representing Fif’s bankruptcy case.
Sleek Audio and Fif entered into a headphones deal five years ago. The company successfully argued that the rapper hijacked trade and marketing secrets, severed ties with them, and ultimately created his own company, SMS Audio. A judge ordered Fif’s bank account frozen after until he settled the judgment.
In his newly filed complaint, Fif says GSB failed to “employ the requisite knowledge and skill necessary to confront the circumstances of the case.” He blames GSB for “numerous failures,” including an “inexplicable decision not to call technical and damages experts to rebut expert testimony offered by Sleek.”
GSB responded discrediting the allegations. “We understand that Mr. Jackson is disappointed in the outcome of Sleek Audio's arbitration against him,” the company said in a statement. “However, Mr. Jackson's complaint against GSB omits a number of relevant facts and misstates a number of others, and we will respond to the allegations in accordance with the court's rules. Our attorneys properly counseled Mr. Jackson and his sophisticated team of financial and operational advisers about the transactions and the arbitrations with Sleek. Unfortunately, the arbitrator in the Sleek case found Mr. Jackson responsible for his actions and the actions of those who performed services for him or his companies. We look forward to demonstrating that our attorneys handled the Sleek matters appropriately in all aspects.”
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