AOL NewFront 2016 At The Seaport District NYC - Red Carpet Arrivals

Featuring: Snoop Lion, Snoop Dogg
Where: New York, New York, United States
When: 03 May 2016
Credit: Ivan Nikolov/WENN.com

Snoop Dogg’s One Step Closer To Victory In $700 Million Lawsuit Against Pabst

(AllHipHop News) Snoop Dogg has just mover one step closer to finally going to trial in his dispute with  Pabst Brewing Co.

California judge Malcolm H. Mackey declined to drop the lawsuit filed by the west coast legend in 2015, over claims that Pabst breached agreements that were reached in an endorsement deal.

In 2011 Snoop signed on to be the face of Blast Colt 45, a fruity flavored spinoff of the classic malt beverage.

According to The Hollywood Reporter, the contract for the endorsement included a phantom equity clause that entitled the rapper to a 10-percent portion of the profits, if the company was sold before January 2016.

In 2014 the brewer’s grandparent company Pabst Corporate Holdings sold all of its stock in Pabst Holdings Inc., which is the sole owner of Pabst Brewing, the originators of the Blast Colt 45 brand.

The conflict arises in whether the sale triggered the phantom equity clause in Snoop’s contract.

“Pabst is trying to pull a fast one and argue that even though they sold this company for close to $700 million, they didn’t really sell the company,” Snoop’s attorney Alex Weingarten told The Hollywood Reporter.

“It is preposterous and just like the Judge saw through this nonsense today, we are confident that a jury will agree at our upcoming trial.”

The case is set to go to trial in October.