50 CENT, the actor, businessman and rapper known for songs like “I Get Money,” secured a $14.5 million settlement from Garvey Schubert Barer (GSB), according to court documents filed last week in U.S. bankruptcy court in Connecticut. The award will help him pay his creditors and end a bankruptcy proceeding he initiated last year.
50 Cent, whose legal name is Curtis Jackson III, burst onto the music scene in 2003 with his “Get Rich or Die Tryin’” album. He sued GSB last year for $75 million, accusing the firm of malpractice by not adequately representing him in business negotiations and in an arbitration proceeding with earphone manufacturer Sleek Audio LLC.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
