Category : Hip Hop News

50 Cent Suing Sleek Audio For $285k

(CelebNMusic247) 50 Cent Suing Sleek Audio For $285k!

50 Cent is filing suit against Sleek Audio, LLC, the company with which he partnered to launch the “Sleek By 50” wireless headphone line.

According to reports, Fiddy is suing the company for a $285k promissory note he loaned the company back in April 2010. However, In May, Sleek terminated its licensing agreement with 50 Cent.

Now, The G-Unit Lieutenant wants his advance money paid back, along with interest and wants Sleek to pay any legal fees that have stemmed from this issue.

Sleek Audio claims that they don’t have to repay the loan because 50 took their idea to a competitor and allegedly omitted and misstated information during their negotiations with intent of fraud.

They have filed a countersuit for breach of contract and agreement.

 The company said in a statement:

“Sleek would have never borrowed money from Jackson or allowed him to invest in its company had it known that Jackson would ultimately use this tactic (of misusing the money) to steal its design, technology and headphones.”

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Lil Wayne Hires Bodyguards To Protect Daughter From Memphitz?

(CelebNMusic247) Lil Wayne Hires Bodyguards To Protect Daughter From Memphitz?

After all the drama on Love and Hip Hop Atlanta between K Michelle and Rasheeda and the alleged Memphitz beatings, it seems there is some truth after all to her stories.

Rumor has it, Lil Wayne is NOT taking any chances with his childs safety, his daughter with ex-wife Toya Wright.

According to Gossip Extra Lil Wayne spends $10,000 a month on 24 hour bodyguards for his daughter Reginae to make sure his ex-wife Toya Wright’s husband Memphitz doesn’t lay a hand on her.

Sources reveal:

“You bet that Lil Wayne is concerned. He mostly wants to make sure their daughter never gets caught in the middle of anything.”

Sounds like K Michelle has the support of Young Money’s Lil Wayne.

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New Details Emerge Regarding Chris Lightly’s Death

(CelebNMusic247) New Details Emerge Regarding Chris Lightly’s Death!

Late Thursday afternoon, apparently the Violator music executive Chris Lighty, 44, had shot himself in the head.

Now one day later the details have begun to unfold about Lightly’s tragic death outside of his Bronx apartment.

What happened and Why is Chris dead?

According to reports, Chris and his estranged wife Veronica Lighty (she filed for divorce last year) had a heated argument in his home. Reportedly, he walked away from the argument after declaring

“I’m tired of this.”

Chris who leaves behind two beautiful children, however they were not in the home, but at a nearby park.

According to the NY Daily NewsChris went into the home’s basement patio and ended his life. And while we’ve learned that he had a $5 million debt with the IRS, the Associated Press reportes that he paid off most of what he owed by selling a Manhattan apartment for $5.6 million in October.

Moving trucks were at the home, as the veteran music manager prepared to move out of the three-story townhouse. To date, the Lighty family has not released a statement.

It’s such a tragic passing. It’s sad when individuals think death is the only way out of a bad situation. You’re supposed to learn from hard times and get stronger, fall down and get back up, Not kill yourself and be branded a quieter or someone who couldn’t take the pressure.

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