(AllHipHop News) Representatives for the Qatari Investment Authority have clarified reports claiming the company is involved in a billion-dollar lawsuit with Ice Cube over his BIG3 Leauge.
Cube filed the lawsuit in early April, claiming the QIA and members a Qatari royal family cheated BIG3 out of over $5 million in money earmarked for the league.
"This article includes a number of allegations that are unfounded and incorrect," a representative for Qatar Investment Authority said in a statement today (April 17). "Among others, neither the Qatar Investment Authority nor its CEO are investors in, nor have they had any involvement with, Big3.”
Ice Cube and his partner Jeff Kwatinetz are seeking $1.2 billion in damages, in order to pay $20 million to each player in the BIG3 League.