Dr. Dre, Xzibit Sued We Invested in Your Weed Biz And You Left Us Excessive And Dry!!!
8/31/2018 11:32 AM PDT
Dr. Dre and Xzibit screwed Three individuals out of a fortune within the hashish business by taking their time, cash and arduous work, and then pretending they by no means existed … based on a brand new go well with.
Three people are suing the rappers and their weed firm, Brass Knuckles, claiming they did a ton of legwork for them and ultimately struck a deal to amass a 14.5 % stake within the enterprise … however then obtained hosed.
In keeping with the docs, Dre — who the three people declare is a secret co-owner of Brass Knuckles — was proud of their work and was going to be concerned in selling some main tasks related to the biz.
The three individuals declare they reached an settlement with Dre, Xzibit and others within the firm to pay $5 million to purchase their 14.5 %, and every part was going wonderful … till the Brass Knuckles execs obtained grasping.
In keeping with the docs … the corporate was initially valued at $50 million, however after the deal was struck with the group of 3 and they ponied up the $5 mil for their share, it was decided the corporate was truly valued at $170 mil.
The three declare at this level … Dre, Xzibit and firm pretended the deal by no means existed. The three’s lawyer, Larry Ecoff, tells us his purchasers had been primarily kicked to the curb after the upper valuation, and “this case is all about greed and weed.”
They’re now suing for breach of contract and need financial damages … together with a decide to rule they’re 14.5 % homeowners of the corporate.
We reached out to the rappers and the hashish firm … no phrase again thus far.