EXCLUSIVE: 50 Cent – Files $25 Million Suit against Ex-Lawyers, Blames Them for His Chapter 11 Bankruptcy
The Dirty can exclusively report rapper 50 Cent has slapped his former lawyers with a $25 million dollar lawsuit … accusing them of screwing up the legal battle over Rick Ross’ baby mama and a sex tape so badly that it resulted in him filing for Chapter 11 bankruptcy.
The rapper explains the firm Reed Smith represented him for over 14 years in various matters. He had full confidence and trust in the attorneys. The firm representing him in the legal battle with Rick Ross’ baby mama Lastonia Leviston over a leaked sex tape. A jury awarded her $7 million+ in damages following a court trial.
50 Cent says that the lawyers are directly responsible for him having to file for Chapter 11 bankruptcy … saying they were neglectful, negligent and unethical during the legal battle.
He accuses them of not following established legal standards and failed to provide him with effective representation. The rapper says he hired a new firm while the sex tape battle was pending and Reed Smith refused to cooperate in the transition, which he says cost him $7 million in the end.
Further, he says they failed to make a good effort to settle with Leviston prior to the trial. To make matters even worse … he says the lawyers he trusted for years allegedly have been greatly overcharging him for their services.
50 Cent is demanding no less than $25 million dollars in damages from the firm.