50 Cent Ordered Pay More Than 16 Million Sleek Audio
50 Cent has acquired a fortune through his successful music and business ventures, but now he's going to have to break some of that off following a court ruling.
The rapper has been ordered to pay just over $16 million to Sleek Audio, according to parted ways .
'As reported, the license arrangement between my company, G-Unit, and Sleek Audio to produce headphones branded as 'Sleek by 50' has been cancelled,' he said in 2011 . 'Instead, I have established a new company that is developing a complete line of audio accessories, including wireless headphones, offering superior sound quality along with cutting-edge technology for all music lovers to enjoy.'
What resulted was 'Sync by 50,' headphones that Sleek alleged were 'basically the same design, mechanically,' according to RadarOnline.
The court agreed, and now the rap mogul has been ordered to pay Sleek $11,693,247 in damages, as well as $4,488,331 in attorney's fees.