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J. Prince Denies Michael ‘Harry-O’ Harris’ Claims Of Owning Interest In Rap-A-Lot

jamesprince

Rap-A-Lot CEO James

"J. Prince" Prince has denied that the legendary Houston-based label

is co-owned by convicted drug kingpin Michael "Harry-O" Harris.Prince

did not attend a hearing in Los Angeles today (Oct. 12) relating to the matter

but he and his attorney offered up a challenge to settle Harris and his attorney

Steve Golderg’s claims that Harris is owed money. The

incarcerated Harris charges that he owns half of the company and provided startup

capital to launch Rap-A-Lot. He also claims that he is rightfully entitled to

half of the label’s earnings, dating back to its formation in 1986. Prince,

however, fiercely denies Harris and Goldberg’s claims that Harris was an early

investor in the label that helped launch the careers of the Geto Boys, Scarface,

Yukmouth, and the Luniz, among others."I’ve

been dealing with Feds, snitches, and rats all my life, conspiring to destroy

me and Rap-A-Lot," J. Prince told AllHipHop.com in a statement. "This

is nothing new to me. It’s interesting, you have this Harris guy, a L.A. rat,

who’s lonely and desperate because the best thing that ever happened to him has

divorced him and moved back to Houston with all his money," Prince added,

referring to Harris’ estranged wife Lydia, who recently won a $107 million default

judgment against Death Row Records after the label’s CEO/co-founder Suge Knight missed multiple court dates to answer her claims of owning interest in the label."The

only explanation that I have for him waking up in prison after 20 years saying

that I made an oral agreement for 50 percent of Rap-A-Lot is he must think that

his ex-wife [Lydia] still has a special place in her heart for me," Prince

quipped. Harris,

who is serving a 28-year sentence in San Quentin State Prison in Calif. for attempted

murder and drug dealing, claimed he invested $1.5 million to help start Death

Row in 1991 with Marion "Suge" Knight and Knight’s attorney, David Kenner.According

to reports, Harris filed for divorce in June 2005, after learning that his wife

Lydia was allegedly in settlement negotiations with Knight and was planning to

cut him out of her $107 million judgment.Harris

later filed another lawsuit, claiming he was entitled to half of the judgment.

Knight and Death Row eventually filed for bankruptcy protection to avoid paying

the sum.The

label is currently being managed by a bankruptcy trustee, which will auction off

the label’s assets to pay creditors. In

September, attorneys for Harris sought to question Prince about his business dealings

with Knight in front of a Houston judge, claiming that he had also helped Prince

launch the label.Prince’s

attorney Warren Fitzgerald, Jr. explained that the mogul felt that the order to

appear in front of the judge violated Prince’s rights.

Through Fitzgerald, Jr., Prince filed an appeal and won a stay of deposition,

which is still pending."For

Goldberg to make the statements about what he’s going to find out about Prince

and Knight violates the courts order," said Fitzgerald, Jr."I’m

not Suge and Rap-A-Lot ain’t no Death Row, so they can find another ambulance

to chase," Prince said. "So I look forward to dealing with his bootleg

lawyer, this frivolous lawsuit, and Harris the rat if and when he gets out.""If

Goldberg and Harris really think they have a claim, after 20 years of doing nothing,

they can file a lawsuit, where the facts count, rather than grandstanding and

publicity seeking in the media, and misleading the public with half truths and

out right lies," said Fitzgerald. "The truth is Harris’ claim doesn’t

stand a snowball’s chance in hell in a court of law."

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