Jermaine_Dupri

Jermaine Dupri Sued for $2 million, May Have to Sell So So Def Music

(AllHipHop News) Jermaine Dupri may have just celebrated the 20th Anniversary of So So Def but he’s at risk of losing some of over a debt.

In 2010, Dupri took out an $4.8 million loan from SunTrust Bank. He’s since paid more than half of it back but according to a lawsuit brought on by SunTrust the checks stopped coming. Now Dupri is apparently on the hook for $2 million.

In order to pay off the balance Dupri may have to sell copyrights and royalties to the many songs his label owns from artists like Kriss Kross, Da Brat, Bow Wow and Xscape.

This isn’t the first time Dupri has been in the red.  Earlier this year he paid off a $3 million tax lien and had to save his Atlanta mansion from foreclosure twice.

Maybe he could ask his billionaire ex-girlfriend for a solid.

blog comments powered by Disqus