A Chicago based company has filed a lawsuit against Drake that alleges the rapper and his company, OVO Touring, have taken over $200,000 from a concert promoter without paying them back.
According to documents filed in Cook County Circuit Court on December 10, Status Entertainment and it’s partner company Show-n-Off Entertainment were in contact with Drake and his representatives for more than a year with the intent to plan a concert. The first attempt occurred in March of 2012, where both parties initially agreed to a fee of $250,000 for Drake to perform at the UIC Pavilion. Status Entertainment claims they transferred $100,000 over to Drake and his company. However, the show would be cancelled. OVO Touring said they would return the money, but no transaction occurred during that time period.
The plaintiffs claim to have reached out to Drake’s camp about the money owed to them since November 2012 to April 2013 but never heard back.
During these negotiations, Drake experienced a meteoric rise to the top of the music charts achieving worldwide fame and fortune. Instead of honoring their obligations, Defendants knowingly and intentionally breached the Agreements and refused to schedule the concert unless Plaintiffs gave them more money due to Drake’s newfound fame. Defendants have admitted that they did not foresee Drake’s success and attempted to change the terms of the Agreements because they believed that they had a more valuable asset in Drake then when the first Agreement with Plaintiffs was agreed upon. Defendants then fraudulently contracted another company to put on a Drake concert in the Chicago area in June of 2012 and profited handsomely as a result and to the detriment of Plaintiffs.
Via Complex
