50-cent-sms-audio

50 Cent Reportedly Ordered To Pay $16 Million To Sleek Audio

(AllHipHop News) As Curtis “50 Cent” Jackson preps to release his Animal Ambition album, the rapper/mogul has some other non-music business to address. According to Radar Online, 50 was recently ordered to pay $16 million to Sleek Audio.

[ALSO READ: 50 Cent Wants To Work With Drake & Rihanna]

Sleek sued 50 after a 2011 deal with the Queens native for “Sleek by 50” collapsed. The company also claimed that 50 stole their product design and confidential private client information from a Sleek developed website.

Court documents stated that Sleek reached out to 50’s associates about the client information, and his personal business manager Nicolee Martin reportedly wrote, “[Sleek] is onto us, LOL. They emailed and called … about the data.”

An arbitrator previously sided with Sleek which led to an interim agreement for Sleek to receive $11,693,247 in damages. 50 fought to not have to pay those fees, but another ruling came down this week that the rapper must pay the $11.7 million plus an additional $4,488,331 in attorney’s fees – a grand total of $16,181,578.

[ALSO READ: 50 Cent Says SMS Audio Investment Scared Interscope Due To Beats By Dre Ties]

  • http://hueymixwitriley.wordpress.com Yohance Kyles (@HUEYmixwitRILEY)

    Reblogged this on HUEY mix wit RILEY.

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  • http://bugginout.wordpress.com Buggin Out!

    50 might have to take the L on this one.

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    […] G-Unit leader was at the county courthouse for a hearing concerning a civil lawsuit with Sleek Audio. 50 (born Curtis Jackson) was ordered to pay the headphone company $16 million for […]

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    […] court ruling stemmed from a lawsuit by Sleek claiming that 50 stole the company’s product design and confidential private client information. An arbitrator previously sided with […]

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    […] court ruling stemmed from a lawsuit by Sleek claiming that 50 stole the company’s product design and confidential private client information. An arbitrator previously […]

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