Rapper 50 Cent is making headlines this week after he reportedly lost a multi-million dollar lawsuit involving a business dispute with his former headphone partner Bradenton. 50 is being accused of stealing headphone designs from Bradenton manufacturer Sleek Audio for his own headphones.
Details on the lawsuit have started popping up earlier today (April 8).
“The new court papers show 50 Cent needs to pay $11.6 million in damages for misappropriation of trade secrets, unjust enrichment and breach of confidentiality; and another $4.4 million in legal fees and expenses. In a nutshell, here’s what happened: An arbitrator in West Palm Beach found that the rapper, whose real name is Curtis Jackson, stole design secrets from Bradenton manufacturer Sleek Audio to make his own headphones, Street by 50 and Synch by 50.” (Miami Herald)
Although it was a huge lawsuit, 50 hasn’t said a word about the situation and neither are his lawyers.
“50 was walloped in arbitration last summer — and a federal court in Miami just affirmed the award to Sleek. The singer of Candy Shop and 21 Questions desperately tried to keep the award documents sealed, but the federal court unsealed them recently. So far, 50′s not talking, and neither are his lawyers. Through his company G-Unit LLC, Jackson and Sleek teamed up in early 2011 to market Sleek by 50, a line of wireless, over-the-ear headphones.” (Miami Herald)