Chance the Rapper concluded a five-year legal battle with his former manager, Pat Corcoran, resulting in a jury awarding him $35 in a countersuit. Corcoran initially sought $1 million, claiming unpaid expenses and commissions. The case highlighted the importance of written contracts, as Corcoran's handshake agreement led to a complicated court process. Despite winning the case, the minimal award raises questions about the financial wisdom of pursuing litigation versus settling early.
"Chance the Rapper has reached the end of a five-year legal battle with his former manager, Pat Corcoran. Following jury deliberations in a trial that ran for just over two weeks, the artist born Chancelor Bennett was awarded $35 in his countersuit against Corcoran, who he alleged exploited his position as manager, demanded kickbacks, and damaged the musician's reputation."
"Going to court, winning a damage to reputation claim, and only winning $35? That 'I met Kanye West I'm never going to fail' line keeps aging like milk. Sure, he technically won - and not having to pay the $3.8M is nothing to shirk off - but to come up 35 bucks after five years of court back and forth is Pyrrhic as all hell."
Read at Above the Law
Unable to calculate read time
Collection
[
|
...
]