See How Twitter Reacted to 50 Cent’s Bankruptcy

14 Jul 2015 | Author: | No comments yet »

50 Cent files for bankruptcy protection after losing lawsuit.

HARTFORD, Conn. (AP) — 50 Cent filed for federal bankruptcy protection Monday, days after a jury ordered him to pay $5 million in an invasion-of-privacy lawsuit. Lawyers for the “Get Rich or Die Tryin” singer filed court papers in US Bankruptcy Court in Hartford under the musician’s real name, Curtis James Jackson III. The court case stemmed from a video in which the rapper is accused of adding a commentary to a tape that the woman made with her boyfriend and posting it online without her permission, celebrity website TMZ.com reported. It lists his liabilities as in the region of $10 million to $50 million and his estimated assets in the same range. 50 Cent has sold more than 30 million albums worldwide and won a Grammy Award in 2010. The jury this week was scheduled to deliberate on possible further, punitive damages in Lastonia Leviston’s invasion-of-privacy lawsuit against Jackson.

Jackson to continue his involvement with various business interests and continue his work as an entertainer.” The lawsuit stems from a 13-minute video that appeared online in 2009, featuring a wig-wearing 50 Cent as a narrator dubbed Pimpin’ Curly.

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