Celebrity News

50 Cent’s Bankruptcy Will Not Prevent Sex Tape Case from Progressing
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Rapper 50 Cent

Summary: Rapper 50 Cent’s attempt of filing for bankruptcy in order to stall a civil lawsuit from a sex tape was dismissed by the bankruptcy judge.

Rapper 50 Cent, aka Curtis Jackson III, has been in court against Lastonia Leviston over a sex tape he posted of hers online. On the same day the trial was scheduled to deliberate over punitive damages, Jackson filed for bankruptcy in an attempt to prevent the sex tape case from going forward.

  
What
Where


Leviston was awarded $5 million in compensatory damages by a New York jury but the case came to a halt last week while his bankruptcy case proceeded. A U.S. Bankruptcy Court judge ruled Friday that the sex tape case will continue as planned.

Included in Jackson’s bankruptcy filing was a list of creditors. He currently owes $18.4 million to Sleek Audio for an arbitration award, $5 million to Leviston, $137,880 to Bentley Financial Services for his car lease, $5,649 to Eversource energy for an electric bill on his Farmington mansion, to his grandfather Curtis J. Jackson Sr. for expenses at the mansion, and to various other smaller companies for things such as lawn care, a hot tub, carpet cleaning, and an attorney. His total liabilities for the top 20 creditors add up to $28.5 million with his assets only listed at $24.5 million.

Jackson told an E! reporter than he filed for bankruptcy because celebrity’s become a target for people trying to get money. His company SMS Productions also filed for bankruptcy in Connecticut. Jackson has been trying to get the sex tape case into a federal court, hoping that his bankruptcy would help that. The judge criticized him for trying to do this. His net worth is estimated to be around $155 million.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Jackson is represented by Patrick Neligan.

Leviston is represented by Philip Freidin and Elizabeth J. Austin of Pullman & Comley.



Source: http://www.courant.com/news/connecticut/hc-50-cent-sex-tape-bankruptcy-20150717-story.html

Photo: hiphoplead.com



 

RELEVANT JOBS

Legal Assistant

USA-NC-Raleigh

Summary Description We are looking for a skilled Litigation Paralegal / Legal Assistant / Lega...

Apply now

Legal Assistant

USA-NC-Gastonia

Summary Description We are looking for a skilled Litigation Paralegal / Legal Assistant / Lega...

Apply now

Associate Attorney

USA-TX-Sugar Land

Civil Litigation Firm in Sugar Land, TX. is seeking an attorney with 2 - 5 years litigation exp...

Apply now

Business / Commercial Litigation Associate

USA-GA-Atlanta

Are you motivated to think through a problem? Do you enjoy the challenge of learning something ...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mergers and Acquisitions Associate Attorney

USA-VA-Richmond

Richmond office of a BCG Attorney Search Top Ranked Law Firm seeks mergers and acquisitions associat...

Apply Now

Bankruptcy/Creditors' Rights Attorney

USA-NJ-Cedar Knolls

Cedar Knolls office of a BCG Attorney Search Top Ranked Law Firm seeks bankruptcy/creditors\' rights...

Apply Now

Plaintiff's Mass Torts Attorney

USA-NY-New York City

New York City office of a BCG Attorney Search Top Ranked Law Firm seeks a plaintiff\'s mass torts at...

Apply Now

SEARCH IN ARCHIVE

To Top