Judge allows sex-tape case against 50 Cent to proceed

18 Jul 2015 | Author: | No comments yet »

50 Cent Blames Bankruptcy on Expensive Lawsuits.

On Friday, Judge Ann Nevins ruled that the 40-year-old rapper’s bankruptcy shouldn’t halt the 2010 lawsuit filed by Lastonia Leviston, who accused him of violating her privacy by posting a sex tape of her online. In an interview a few weeks ago, rapper Curtis “50 Cent” Jackson was candid about the usefulness of his tough-guy persona. “It prevents people from playing,” he said.Forget the bottles of champagne, designer threads or jewels around his neck: Rapper 50 Cent says it’s not a lavish lifestyle that prompted this week’s bankruptcy filing. A New York jury awarded Lastonia Leviston $5 million last week after determining the rapper, whose real name is Curtis Jackson III, didn’t have her permission when he posted online a sexually explicit video she made with her boyfriend. No,” Method Man told Watch What Happens Live host Andy Cohen on Thursday, July 16, calling 50 Cent’s public announcement “tactics.” “Yeah, he’s being sued by a lot of people and he’s protecting his bank,” the “How High” rapper said. “Ain’t nothin’ wrong with that.” On Monday, July 13, 50 Cent filed for chapter 11 bankruptcy in Hartford, Conn., reporting that his debts and assets fall somewhere between $10 million and $50 million.

Jackson grew up in a rough neighborhood of the New York City borough of Queens, sold crack cocaine at age 12, and was shot nine times in front of his grandmother’s house at 24. Jackson lost a dispute over a broken business deal to develop headphones, prompting a judge to award a former partner more than $17.2 million in October, plus interest. (Court papers now peg the value of the award at $18.4 million.) More recently, a jury determined that he should pay $5 million to a woman who said Mr. Brewer III, partner at Brewer, Attorneys & Counselors, filing for bankruptcy will allow the rapper “to reorganize his financial affairs, as he addresses various professional liabilities” regarding his business interests. Jackson has substantial assets, he does not have the ability to pay the full amount of these litigation claims and all other asserted claims at the present time,” his lawyers said in the filing. Leviston’s lawyers asked Judge Nevins to grant an exception, arguing that judges have allowed lawsuits that are in “an advanced state” to continue in earlier cases.

He also has a cologne, a sneaker brand, and a video game series.” “I’m not panicking,” the “Candy Shop” rapper said. “People love tragedy more than they love good news, no matter how you look at it. …I have faith in the court systems, so I know at points you’ve gotta just relax and go through the process.” Later in the week, his lawyers explained in court documents that legal fees and judgments exceeding $20 million over the past year were the primary cause of the filing. News that he was taking precautions “that any good business person would take in this situation.” He cited Walt Disney as another successful person who filed for bankruptcy in the past.

Jackson to continue his involvement with various business interests and continue his work as an entertainer, while he pursues an orderly reorganization of his financial affairs.” On a seemingly calmer day three weeks ago, Mr. Jackson has sold more than 22 million albums after appearing on the music scene in 2003 with his hit rap song “In Da Club.” The rapper, who has various business pursuits, is scheduled to appear in the upcoming movie “Southpaw,” a boxing drama with Jake Gyllenhaal. Jackson, 40, was leaning back on the couch in his midtown Manhattan office, wearing a form-fitting black T-shirt and a hat advertising “Power,” the television drama that he produced about a nightclub owner torn between his legitimate career and his dealings in the illegal drug world.

Rap music echoed through his office, which is dotted with music awards and with posters of his films, music videos and corporate collaborations—including a new line of men’s underwear (up to $100 a pair) that he himself models in the ads. The movie, which opens next weekend, is about a troubled former orphan who becomes a prizewinning fighter and has to rebuild his life after tragedy strikes.

He advises “just being transparent, and being able to say to someone before they’re invested emotionally, ‘What exactly do you want?’ ” He sometimes tells women, “I’m not prepared to be in a relationship, so we could just be cool, [and] whatever you’re comfortable with, we do.” He bought his 50,000-square-foot mansion for $4.1 million in 2003 from the boxer Mike Tyson and, since then, has tried to sell it. Much of his wealth is estimated to come from one successful deal—a stake in Vitaminwater estimated to be valued at as much as $100 million when the company sold to Coca-Cola in 2007. He hopes that it provokes strong reactions. “If [listeners] don’t love it, I hope they like it,” he says. “If they don’t like it, I hope they hate it, because then at least they care.” And maybe, he says, they will get so angry they will tell someone else about it.

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