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EXCLUSIVE | Nene Leakes Lawsuit Breaks Down YEARS of Racism at Bravo! *LEGAL DOCS*

EXCLUSIVE | Nene Leakes Lawsuit Breaks Down YEARS of Racism at Bravo! *LEGAL DOCS*

QUICK QUOTES: Kandi Burruss’ Baby Daddy (Block) Claims She Knew She Was The Sidechick… (VIDEO)

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  • So So in Debt! Jermaine Dupri’s Loan Default Puts Music Catalog At Stake…

    Jun, 3 2013 | Written by ATLien

    Jermaine Dupri StraightFromTheA 2
    Legendary Atlanta music mogul Jermaine Dupri and his So So Def Productions are apparently SoSo in debt and the super producer is reportedly being sued for $1.9 million dollars!

    Dupri has struggled with severe financial issues over the past few years, and has even faced foreclosure on his $4 million Atlanta mansion twice.

    [FLASHBACK: SoSo In Debt! Jermaine Dupri Barely Avoids Foreclosure… ]

    While he was recently able to save his home by paying off the remainder of a $3 million tax lein, this new lawsuit filed by SunTrust bank could prove more devastating now that the rights to songs from his So So Def label are now on the line.

    Details below…

    Jermaine Dupri StraightFromTheA 5According to the AJC, SunTrust?s lawsuit alleges that Dupri is in default and still owes money on a $4.9 million loan taken out in 2010.

    The loan was secured by copyrighted music owned by Dupri, So So Def and other businesses, as well as a building on Briarwood Court in DeKalb County that houses two recording studios.

    The debt originated in 2009 as part of an earlier loan that Dupri, who is listed as Jermaine Dupri Mauldin, took on to pay off income tax and other liabilities, according to a separate court document.

    The loan was adjusted in 2010 and Dupri, So So Def and another company controlled by Dupri, Southside LLC, were listed as guarantors. Southside was not named in the suit.

    The bank allegedly tried to make a deal with Dupri pre-lawsuit which involved the acquisition of certain song rights in exchange for removal of the debt. The deal fell through for unknown reasons.

    The SoSo Def catalog contains songs by Lil Bow Wow, Xscape, Da Brat, Jagged Edge and more.

    In February, Dupri held an ?All-Star Anniversary Concert? to mark the 20th year of his record label. The concert at the Fox Theatre featured So So Def?s laundry list of artists, including Kris Kross, Da Brat, Jagged Edge, Xscape, Bow Wow and others.

    [READ: SoSo Def’s 20th Anniversary All Star Concert (PHOTOS + VIDEO)]

    There were unsubstantiated rumors that Dupri was considering taking his SoSo Def All-Star’s on the road, but after Kris Kross member Chris Kelly passed away last month, it seems those plans may have been put on hold.

    Hopefully Jermaine can make it out of this one with his music catalog intact…. stay tuned.

    Should the legendary producer sell off his extensive SoSo Def Catalog to repay his debts?




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    In Atlanta Gossip,Featured,News Jermaine Dupri, Legal Issues
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Page 1
  • EXCLUSIVE | Nene Leakes Lawsuit Breaks Down YEARS of Racism at Bravo! *LEGAL DOCS*

  • QUICK QUOTES: Kandi Burruss’ Baby Daddy (Block) Claims She Knew She Was The Sidechick… (VIDEO)

  • Sheree Whitfield Reunites With ‘Prison Bae’ (Tyrone Gilliams) After Early Release (PHOTOS)

  • Nene Leakes Calls for Fans to Boycott: “Turn Off Your TVs!” | #BoycottBravo Petition Gains Steam #RHOA

  • SINGLE AGAIN!!! Media Mogul Tyler Perry Is Back On The Market…

  • Good Deeds | 2 Chainz Partners With YouTube Music for 55k Black Entrepreneur Giveaway… (VIDEO) #YouTubeBlack

Page 2
  • This is 50!!! Actress Regina Hall SINGS Her Way Into A New Century… (VIDEO)

  • BLOOP! Nene Leakes Hilariously SHADES Plummeting #RHOA Ratings…

  • #RHOA Kenya Moore & Sherri Shepherd Exchange Shade! Who Won?! (VIDEO)

  • OFF THE MARKET!!! Keshia Knight Pulliam & Brad James Announce Engagement (PHOTOS)

  • Where’s Nene Leakes?! Real Housewives of Atlanta Season 13 Ratings Plummet On 2nd Episode…

  • Wendy Williams Pauses Show Production To Travel For Mother’s Funeral…

Page 3
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