50 Cent suffered a significant authorized loss this week. On Friday (June 30), U.S. District Choose Vanessa Bryant threw out the mogul’s $32 million malpractice lawsuit towards U.S. legislation agency Reed Smith and its former associate Peter Raymond. He argued Smith lifted an “uninformed” authorized technique in a authorized matter that wound up costing him $7 million, Reuters studies.
The Queens native mentioned the attorneys’ loyalties had been divided as a result of one of many potential witnesses within the case was Rick Ross, somebody one in every of them had represented prior to now.
The attorneys labored with 50 Cent when he was sued for releasing a intercourse tape on social media as part of his beef with the Maybach Music Group government.
50 Cent believed the battle of curiosity might have been the rationale that Ross by no means testified within the case. Consequently, he fired the attorneys in March 2015. In July of that yr, he misplaced and was mandated to pay $7 million in damages.
A ripple impact occurred after the case fell by way of. Three days after the ruling, 50 Cent filed for chapter in Connecticut, and Reed Smith filed a declare towards the “Get Wealthy or Die Tryin’” recording artist for unpaid charges to the agency.
Bryant mentioned her resolution was based mostly on 50’s incapability to show or categorical how these divided loyalties led to him shedding at trial.
“With out extra, the courtroom can’t conclude the battle of curiosity impacted counsel’s discovery technique, or that the battle induced Jackson to lose at trial,” the federal choose mentioned.
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