50 Cent Ordered To Pay $16 MILLION Over Headphone Deal Gone Bad
THECOUNT.COM "ALWAYS OPEN! Since 2005!" - April 9, 2014
Federal court records show that rapper 50 Cent has been ordered to pay a staggering $16 million to Bradenton earphone manufacturer after a failed partnership..
The Bradenton Herald reports that 50 Cent, whose real name is Curtis Jackson III, was ordered to pay Sleek Audio nearly $4.5 million in attorney fees and $11.7 million in damages after a deal to make his own brand of headphones went south.
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Records allege that Jackson, a Sleek partner, stole the designs of over-the-ear headphones he asked the company to conceptualize and manufacture. Jackson has been selling headphones of a similar design under the 50-Over line with another manufacturer.
The U.S. District Court in Miami affirmed the award in late March after a three-year legal battle.
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