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Jay Z Sued For $18 Million By Parlux Fragrances
Jay Z has always been known for his smart business decisions, but one venture he decided to do could cost him millions of dollars. According to TMZ, Parlux Fragrances is going after Jay for not following through with the deal he signed for his "Gold Jay Z," which launched back in 2013. In the lawsuit, Parlux claims they signed a licensing deal, where they used Jay's name and image to launch the fragrance, but he refused to do any promotions for fragrance.
"Further, there was supposed to be a line of follow-up fragrances that Jay helped develop, but according to the suit ... he dodged meetings and the new colognes never got off the ground. Parlux says it expected to haul in about $50 million over 2 years, but instead the whole deal is pepe le pew -- it's losing money, and stores are returning unsold inventory."
The company is going after $18 million for damages.
Jay Z & Timbaland Won ‘Big Pimpin’ Copyright Infringement Case
It's being reported that Jay Z and Timbaland have won the "Big Pimpin" copyright infringement case. According to The Hollywood Reporter, L.A. Superior Court Judge Christina A. Snyder has ruled the plaintiff, Osama Fahmy, "lacked standing to pursue his claim,”
Fahmy's attorney told The Hollywood Reporter that, “We disagree strongly with the ruling, and we fully intend to appeal." He also added, ”We haven’t fully formulated our appeal strategy, but certainly we believe the court committed legal error in failing to restrict the license under Egyptian law.”
Hillary Clinton Spent $15,000 At Jay Z’s 40/40 Club In New York
Presidential candidate Hillary Clinton reportedly spent $15,000 at Jay Z's 40/40 club in NYC. The reports claim Clinton ran up the $15k tab for "catering, food, and beverages." Hillary has raised the most amount of money for her presidential candidate fundraising so far ($33 million).
Jay Z & Beyonce Forced Out Of L.A. Home
Jay Z and Beyonce have reportedly been forced out of their L.A. home. The reports claim the 16,000 square foot Holmby Hills estate they have been renting since February has been sold, and their being forced to leave within 60 days.
TMZ also reports:
"It appears they weren't interested in outbidding the buyer, who agreed to pay $35.5 million for the pad.
So the task at hand is now finding new digs, and we're told the couple is already on the hunt in Beverly Hills, Bel-Air and Holmby Hills."
Jay Z Demands His Criminal Past Be Kept Out Of ‘Big Pimpin’ Case
Jay Z is having to testify in the "Big Pimpin" copyright infringement case, but reports claim the rapper is demanding that his wealth and criminal past be kept out of the whole trial. According to reports, Jay has filed a motion to keep the jury from considering his wealth and past criminal charges while they figure out the case. The trial is set to start Oct. 13th and Timbaland will also join Hov during the trial.