|
OUR FRIEND: |
Last updated: Friday, February 5, 2010
Jay-Z's lawsuit claims that Highland's unresponsiveness and consistent delay of negotiations regarding the loan led to a loss of $20,000 a day. According to the lawsuit, "This action arises out of the efforts by defendants [Highland Capital Management] to bleed additional funds from the plaintiff [Jay-Z]."
In response to the claim, the investment firm offered its own response. It said in a statement, "Highland believes the claims asserted by Mr. Carter are meritless, and [the company] will vigorously defend itself and intends to pursue the obligations owed to Highland's investors by the borrower, Mr. Carter and the other guarantors."
No word yet on when the trial will happen.
Source: Hiphop DX
Jay-Z's lawsuit claims that Highland's unresponsiveness and consistent delay of negotiations regarding the loan led to a loss of $20,000 a day. According to the lawsuit, "This action arises out of the efforts by defendants [Highland Capital Management] to bleed additional funds from the plaintiff [Jay-Z]."
In response to the claim, the investment firm offered its own response. It said in a statement, "Highland believes the claims asserted by Mr. Carter are meritless, and [the company] will vigorously defend itself and intends to pursue the obligations owed to Highland's investors by the borrower, Mr. Carter and the other guarantors."
No word yet on when the trial will happen.
Source: Hiphop DX
Printable view
DiscussNo comments are available
© 2008 HotOnlineNews.com Contact Us
Superiorpics.com
Celebrity Forums
Celebrity Forums
Find the latest hi-res celebrity pictures, post pictures, and hang out with over 40,000 members of fanatic celebrity fans!
