50 Cent Must Pay $16 Million In Lawsuit

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50-Cent-Lawsuit-Over-Headphones-Ends-In-16-Million-Payout-665x385By: Stephanie Allen-Gobert

50 Cent, the rapper turned mogul was supposed to produce a line of headphones with Sleek Audio but reportedly snagged design secrets from the Florida company and used them to create his own headphones, the Miami Herald reports.

According to a recently unsealed court documents viewed by the Miami Herald, 50 Cent, whose real name is Curtis Jackson, has been ordered to pay $ 11.6 million in damages for misappropriation of trade secrets, unjust enrichment and breach of confidentiality; and $4.4 million in legal fees and expenses. The amount of the award had been kept confidential.

After seeing the success of Dr. Dre’s “Beats by Dre” headphones, 50 Cent and Sleek Audio teamed up in 2011 to create and market a line of over-the-ear wireless headphones to be called “Sleek by 50.” The Herald reports that an arbitrator ruled that 50 Cent stole designs from Sleek Audio headphones to make his own lines, “Street by 50” and “Synch by 50.”

A federal court in Miami agreed with the arbitration and awarded Sleek Audio $16 million, an amount that 50 Cent tried desperately to keep sealed according to the Herald, but the federal court unsealed the documents recently.

So far 50 Cent is not talking, and neither are his lawyers. 50 called the Sleek founders “incompetent” while Sleek branded 50 a “thief.”

According to Forbes, 50 Cent net worth is estimated at $125 million. He’s another master of brand building; music sales, merchandise, video games and books in the wake of his smash debut Get Rich of Die Tryin- and particularly from his payout for the sale of his stake in VitaminWater parent Glaceau to Coca-Cola in 2007.


16 Comment

  1. Now 50… why would you even think yo black azz was gonna get away with some shyte like that!!! 0_o you are not white!! Black folks can’t steal in corporate white America!! Whites can do it but yo Black azz Can’t!! D@mn dummy!! You just gave away 16million over greed! Had ya done the d@mn deal it would have added to your profit!! Taking you from $125M to $141M!! Now you down to $105M!! 0_o …. Im no math matition, but $141 looks so much better than $105…
    What was wrong with everybody eating (getn paid)?!!!. It’s looking like karma on yo Azz.. #Ijs.. slow down step back before to back to a drug selling thousandaire!!! 🙂

  2. If its true 50 cent should have a split signed not sure what percentage because he is famous but the copywrite is not his so maybe a 60 40 split in there favour. but to steal everything is crazy

  3. That 125 million could of rose to 150 million but its down to 110 million

  4. Look at tiger woods he has deals from a lot of companies but takes a percentage He is not trying to steal the product

  5. 50 cents learned from the best, the European thieves.At one time African enslaved people were not allowed to get US Patents for their inventions. The European Slave Master claimed it, so this in only a case of what Goes Around.Right on Brother 50 Cents.Right On. Cocknockers.We have to be governed by their evil laws and they are evil itself. In case you forgot it was the BRITISH who burned the City Of Washington and the so called White House.All the evils in the world today started and came from England.Their hands are not clean so they are in no position to judge anyone.You remember Congressman Adam Brother Clayton Powell ,when he was accused of doing what they always did, they ran him out of their congress.Brother 50 Cents, Get all you can and Can all you get.You hear.

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