T-Pain has dropped his massive lawsuit against his former personal manager, after the two reached a deal to end the battle.
According to court documents obtained by The Blast, T-Pain (real name Faheem Najm) has reached a settlement with Chase Entertainment to drop all claims against them.
Last year, T-Pain sued his former management company Chase Entertainment accusing them of owing him over a million dollars.
He signed a deal with Chase Entertainment in 2005 and agreed to pay them 20% for working on his career as agent and manager. T-Pain claimed to have paid all the commissions and did so on time.
T-Pain terminated their deal in 2014 and demanded they cease interfering in his business. He claimed they have since refused to pay him all the money owed.
He claimed he recently learned the company was licensed to be an agent and therefore not allowed to collect commissions.
T-Pain also accused his former managers of illegally taking commissions without obtaining a talent license and for allegedly “concealing from Plaintiff the true nature and details of the financial agreements related to his music career, including the income truly earned by him from his public performances and the necessary and proper expenses occurred in connection with same and marketing monies received by Defendant on behalf of Plaintiff’s career.”
Chase Entertainment fired back accusing T-Pain of squandering his money and denying all allegations they did anything wrong.
They claimed to have managed T-Pain for years and under their guidance, generated millions of dollars in earnings. “Sadly, much of that money was squandered by T-Pain, despite Chase’s entreaties to T-Pain over the years that he control his profligate spending habits. Unfortunately, T-Pain’s financial self-destructive conduct continued unabated even after the parties ended their professional relationship.”
They counter-sued him seeking in excess of a million dollars, saying they were owed money.
T-Pain recently got a career boost and new fans by appearing on and winning “The Masked Singer”. Source: Blast
