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Author Topic: Judge Orders 50 Cent To Pay Sleek More Than $16 Million  (Read 417 times)

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Judge Orders 50 Cent To Pay Sleek More Than $16 Million
« on: October 09, 2014, 06:12:31 AM »
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50 Cent has been ordered to pay Sleek more than $16 million in damages and attorney fees after trying to clear the debt.

A judge has reportedly ordered 50 Cent to pay Sleek, a headphone company the New York rapper once worked with, more than $16 million, according to Radar Online.

50 Cent's legal issues with Sleek have been ongoing. In 2013, Sleek sued 50 Cent. The G-Unit head was set to work with Sleek and invested $1 million to start his line of headphones through the company. However, 50 Cent eventually developed Sync by 50 with another company. Sync by 50, Sleek says, featured "basically the same design, mechanically" as the line it had previously developed for 50 Cent.

Moreover, Sleek also sued 50 Cent for "misappropriating trade secrets, breaching his fiduciary duty owed to Sleek, participating in a civil conspiracy, breaching his confidentiality agreement with Sleek, and being unjustly enriched," according to Radar Online. Sleek claimed 50 Cent and his assistants pulled private confidential information off a website Sleek created. The website had close to 4,000 potential customers' e-mail addresses, among other data. When the data disappeared from Slee's servers following 50 Cent's team receiving the site's password, his assistant reportedly wrote, ?[Sleek] is onto us, LOL. They emailed and called ? about the data." Another assistant also commented on this. ?Tell him something like, sorry, you just have to finish editing a video for 50 or something, we?ll get to it, LOL,? the assistant reportedly said. 50 Cent has counter sued, saying Sleek "fraudulently induced him into entering into an investment with them and breaching their fiduciary duties to him," according to the publication. In May 2013, an arbitrator denied 50 Cent's claims and granted Sleek's.

As a result, 50 Cent was ordered to pay $11,693,247 in damages and additional fees.



 

 

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