Bankrupt 50 Cent Now Suing His Ex-Lawyers

He says they didn't advise him well
By Evann Gastaldo,  Newser Staff
Posted Oct 7, 2015 5:50 PM CDT
Bankrupt 50 Cent Now Suing His Ex-Lawyers
Rapper Curtis Jackson, also known as 50 Cent, leaves court after testifying in front of the jury regarding his recent bankruptcy filing, Tuesday, July 21, 2015, in New York.   (AP Photo/Bebeto Matthews)

Rapper 50 Cent, who filed for bankruptcy over the summer and revealed his lifestyle is not actually as blingy as it seems, is now suing his former lawyers. The rapper, real name Curtis Jackson, says the Wall Street firm Garvey Schubert Barer didn't represent him well in a legal battle over a headphone marketing deal, Business Insider reports. He wants $75 million in damages. Jackson started working with Sleek Audio in 2010 to create a brand of headphones, similar to what Dr. Dre did with Beats, but Sleek never actually marketed the headphones and Jackson ended up starting his own company to launch them. Jackson says his lawyers advised him that was fine—but Sleek ended up getting awarded more than $11 million, plus nearly $5 million in attorney fees, after the company claimed Jackson infringed on intellectual property rights.

"Mr. Jackson's complaint against GSB omits a number of relevant facts and misstates a number of others, and we will respond to the allegations in accordance with the court's rules," GSB says in a statement. "Our attorneys properly counseled Mr. Jackson and his sophisticated team of financial and operational advisors about the transactions and the arbitrations with Sleek. Unfortunately, the arbitrator in the Sleek case found Mr. Jackson responsible for his actions and the actions of those who performed services for him or his companies. We look forward to demonstrating that our attorneys handled the Sleek matters appropriately in all aspects." (Read more 50 Cent stories.)

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