Lawsuit
SEC charges 11 individuals over $300M crypto ‘pyramid scheme’
The Securities and Exchange Commission (SEC) has charged 11 individuals for their alleged role in the creation of a “fraudulent crypto pyramid scheme” platform Forsage. The charges were laid in a United States District Court in Illinois on August 1, with the SEC alleging that the founders and promoters of the platform used the “fraudulent crypto pyramid and Ponzi scheme” to raise more than $300 million from “millions of retail investors worldwide.” The SEC complaint states that Forsage was modeled such that investors would be financially rewarded by recruiting new investors to the platform in a “typical Ponzi structure,” which spanned multiple countries including the United States and Russia. According to the SEC, a Ponzi scheme is an investment fraud th...
Chicago House Music Legend Sues Kanye West Over Alleged Copyright Infringement
Legendary house music artist Marshall Jefferson has launched a lawsuit against Kanye West on the basis of alleged copyright infringement. The complaint, filed in New York’s U.S. District Court, alleges West sampled Jefferson’s 1986 song “Move Your Body” without licensed permission. After producing under the alias Virgo, it was the first track of Jefferson’s career he had released under his own name. Billboard reports the lawsuit claims West sampled Jefferson’s song 22 times in “Flowers,” a single from his 11th studio album, Donda 2, which released in February 2022. Unlike its predecessor, Donda 2 was released exclusively on West’s own Stem Player platform. The lawsuit notes that West earned a reported $2.2 million in physical Stem P...
Grammy-Winning Artist H.E.R. Sues Label for Release
HipHopWired Featured Video Source: Scott Dudelson / Getty Singer-songwriter H.E.R. is suing her record label for release citing a California statute that limits contracts to seven years. H.E.R. née Gabriella Sarmiento Wilson filed for declaratory relief and violation of the business and professions code and is seeking to be released from MBK Entertainment. The company is owned by her manager Jeff Robinson who signed her in 2011 at the age of 14. Related Stories According to documents reviewed by The Blast, H.E.R. is named as an ‘exclusive employee’ for an initial period which “ended the later of 15 months after May 19, 2011 or 12 months after the commercial release of Wilson’s first album under contract, and up to five additional option period of more than one year each.” Wilso...
Four Tet Wins Legal Battle Over Streaming Royalties Dispute
Four Tet has come out on the winning end of a legal battle against his label after around a year of litigation. The tenured electronic music producer brought a legal claim against his record label, Domino, alleging the organization had only paid him 18% of the royalty share for his music instead of the 50% rate promised in his contract. Signed in 2001, Four Tet’s agreement with Domino yielded multiple acclaimed albums, including Pause, Rounds and Everything Ecstatic. The ugly battle led to Domino temporarily removing the albums from streaming services per their legal guidance, though the music has since been restored. In filing the suit, Four Tet sought £70,000 in backpay from Domino. Scroll to Continue Recommended Articles Now, Four Tet has announced that he’ll be r...
Elon Musk gets hit with ‘ridiculous’ $258B Dogecoin lawsuit
Billionaire Elon Musk, along with his companies SpaceX and Tesla Inc, are all being sued for an astonishing $258 billion in damages for being “engaged in a crypto pyramid scheme” involving Dogecoin (DOGE). The damages sought are more than 34 times Dogecoin’s current market cap of $7.5 billion and nearly three times its ATH market cap of $88.68 billion in mid-2021. Filed in the New York District Court by an attorney at Evan Spencer Law on Thursday, the class-action lawsuit alleges that Musk “used his pedestal as World’s Richest man to operate and manipulate the Dogecoin Pyramid Scheme for profit, exposure, and amusement.” In the filing, plaintiff Keith Johnson, a U.S. citizen, alleges that Musk and his corporations were “unjustly enriched” by $86 billion as a result of wire fraud, gambling ...
Mo’Nique and Netflix Settle Bias Lawsuit
HipHopWired Featured Video Source: Victoria McGraw @victoriasaidit / Radio 1 Digital Comedian Mo’NIque has settled her lawsuit with Netflix where she accused the streaming giant of racial and sexual discrimination for making her a lowball offer of $500,000 for a one-hour comedy special on the service. The matter has been “amicably resolved,” Michael Parks, an attorney representing Mo’Nique in the suit, told The Hollywood Reporter. The terms of the settlement have not been disclosed. Related Stories The comedian accused Netflix of underpaying Black women pointing out the eight-figure deals offered to other comedians including Dave Chappelle and Chris Rock.“The offer made to Mo’Nique was merely an ‘opening offer’ from which there was an expectation — both by Netflix and Mo’Nique ...
Mo’Nique and Netflix Settle Bias Lawsuit
HipHopWired Featured Video Source: Victoria McGraw @victoriasaidit / Radio 1 Digital Comedian Mo’NIque has settled her lawsuit with Netflix where she accused the streaming giant of racial and sexual discrimination for making her a lowball offer of $500,000 for a one-hour comedy special on the service. The matter has been “amicably resolved,” Michael Parks, an attorney representing Mo’Nique in the suit, told The Hollywood Reporter. The terms of the settlement have not been disclosed. Related Stories The comedian accused Netflix of underpaying Black women pointing out the eight-figure deals offered to other comedians including Dave Chappelle and Chris Rock.“The offer made to Mo’Nique was merely an ‘opening offer’ from which there was an expectation — both by Netflix and Mo’Nique ...
Joseline Hernandez Slapped With $25 Million Lawsuit Over Alleged Fade Delivery
HipHopWired Featured Video Source: Unique Nicole / Getty Joseline Hernandez has her share of fans and detractors alike, and it probably didn’t help matters much after the launch of her Joseline’s Cabaret series. Four women who were dancers on the controversial show launched a lawsuit against Hernandez alleging assault and battery to the tune of $25 million. TMZ Hip Hop exclusively reports that Hernandez, 35, is being accused of ambushing the dancers and violently beating them, whispers of which were already news to some fans of the series and a recent statement from cast member Amber Ali supports the chatter. From TMZ Hip Hop: Related Stories Four women who say they were dancers on “Joseline’s Cabaret” are accusing her of ambushing them on set, and violently opening a can of whoop-ass. In ...
Child Support-less Blac Chyna Sets Her Attention On Lawsuit Against Kardashian Klan
HipHopWired Featured Video Source: PG/Bauer-Griffin / Getty Blac Chyna isn’t interested in keeping up with the Kardashians but she’s definitely getting her coins. Less than one week after Blac Chyna took to social media to reveal she was losing three cars due to not receiving child support from either Tyga or Rob Kardashian, Blac Chyna announced via a posted screenshot of her notepad that she is “refocusing her attention” on her legal dispute with the Kardashians over the cancellation of her reality show with then fiance, Rob Kardashian, Rob & Chyna. “I plan to re-focus my attention on my trial against Kris Jenner and her daughters Kim, Khloé, and Kylie which starts in 13 days,” she wrote in the statement on Twitter. “When they got my No. 1 hit show killed back in January 2017, that no...
Kaskade Wins Lawsuit Against KAOS Nightclub, Judge Awards $8 Million
The US District Court in Nevada has awarded Kaskade $8 million after the former Las Vegas nightclub KAOS canceled his residency. US District Court Judge Andrew Gordon on Friday ruled in favor of Kaskade and Big City Dynasty Corp in the breach of contract suit. The iconic DJ’s residency at KAOS Nightclub reportedly earned him a whopping $300,000 per night, which isn’t uncommon for artists of his caliber. “We are pleased that the court found in Kaskade’s favor and upheld the parties’ carefully negotiated agreement,” Jordan Siev of Reed Smith LLP said in a statement. Kaskade performs at SoFi Stadium. Keiki Lani Knudsen/Insomniac Scroll to Continue Recommended Articles According to a rep for Kaskade and a report from Billboard...
Marilyn Manson Sues Evan Rachel Wood for Defamation, Calls Abuse Allegations a “Malicious Falsehood”
Marilyn Manson has filed a defamation lawsuit against his ex-fiancée Evan Rachel Wood, claiming that her abuse allegations amount to a “malicious falsehood.” Within the suit, the rocker insists that Wood and her “romantic partner” Ashley Gore (aka Illma Gore) forged an FBI letter to make it seem like there was a federal investigation of Manson and that his “alleged victims” were in danger. The singer’s lawsuit comes just over a year after Wood named Manson as her abuser, setting off a series of further assault claims by several other women. In the weeks that followed, Manson was dropped from his record label, eliminated from movie roles, and lambasted by former collaborators like Nine Inch Nails’ Trent Reznor and Limp Bizkit’s Wes Borland. Per the lawsuit, which was obtained by Consequence...
Former AG Lorretta Lynch Slammed For Defending NFL Racial Bias Case
HipHopWired Featured Video CLOSE Source: Michael Reaves / Getty Former Miami head coach Brian Flores brought a lawsuit against the National Football League alleging racial discrimination and the freezing out of Black coaches and executives across a number of teams. To defend against Flores’ explosive accusation, the NFL hired former U.S. Attorney General Loretta Lynch in connection to the legal matter. As reported by The Washington Post, Lynch, the first Black woman to hold the position of Attorney General, currently is a partner in the Paul, Weiss, Rifkind, Wharton & Garrison LLP law firm. Lynch and firm chairman Brad S. Karp were retained by the league to represent their side in the case. This isn’t the first case for Lynch connected to the NFL, coming after she lead the investigatio...
