Flo Rida is awarded $82.6M in legal case against Celsius energy drinks


Flo Rida is awarded $82.6M in legal case against Celsius energy drinks … who he says concealed finances from him

  • Rapper, 43, was awarded sum by jury following suit over agreement 
  • He initially filed the suit in May of 2021 over a 2014 contract
  • He first claimed he was owed $30,000 for the violation of the agreement, but the sum swelled as the company’s fortunes rose

Flo Rida on Wednesday was awarded an $82.6 million sum by a jury in Broward County, Florida in his breach of contact suit against the energy drink manufacturer Celsius, who he claimed attempted to conceal revenues from him.

The 43-year-old rapper initially filed the suit in May of 2021, saying that the drink company’s parent company, Celsius Holdings Inc., had broken previously agreed-upon terms of a deal they had made in 2014, TMZ reported.

The Carol City, Florida native, whose real name is Tramar Dillard, first claimed he was owed $30,000 for the violation of the agreement, but the sum swelled as the company’s fortunes rose.

The latest: Flo Rida, 43, on Wednesday was awarded of $82.6 million sum by a jury in Broward County, Florida in his breach of contact suit against the energy drink manufacturer Celsius. Pictured last month in Fort Lauderdale, Florida 

He told the AP, ‘Basically, I helped birth this company, and all we was looking for was some trustworthy people who acted as if they were family. And then when it comes down to the success of today, they just forgot about me.’

Attorneys for the beverage company said that its success came after the endorsement arrangement with the Right Round artist had concluded, and that it was attributable to other factors involving the business. 

The company still has an option to appeal the verdict handed down by the jury.

Flo Rida’s lawyer John Uustal said the Whistle artist was open to taking a one percent ownership stake in the business he was initially promised, in lieu of the $82.6 million awarded by the jury.

The rapper was pictured in court Tuesday amid the case against the energy drink manufacturer

The rapper was pictured in court Tuesday amid the case against the energy drink manufacturer

The Right Round artist was seen performing at a Denver Broncos halftime show in 2021

The Right Round artist was seen performing at a Denver Broncos halftime show in 2021  

Flo Rida's lawyer John Uustal said the Whistle artist was open to taking a one percent ownership stake in the business he was initially promised,in lieu of the $82.6 million awarded by the jury

Flo Rida’s lawyer John Uustal said the Whistle artist was open to taking a one percent ownership stake in the business he was initially promised,in lieu of the $82.6 million awarded by the jury

Flo Rida ‘loved the product, and it’s been a very successful four-year relationship,’ Uustal said. ‘There were some benchmarks. He was supposed to get stock when certain things happened. And there became a dispute about whether those benchmarks had been reached. So that’s what this was about.’

Flo Rida said that he enjoys the products and remains a stockholder in the organization, which he would be open to working with moving forward.

‘I’m still a owner in the company,’ Dillard said, the AP reported. ‘And when you basically planted the seed for something that is successful, you can’t help but have unconditional love.’

Advertisement



Source link

Latest

Want to get instant cashback on online transactions? Here comes a new-age credit card

Considering the changing lifestyle and spending patterns of GenZ and millennials, Slice has designed the offers on the card in a way that...

Bachelorette Clare Crawley reveals wedding dress was stolen while on vacation with Ryan Dawkins

Bachelorette Clare Crawley reveals her wedding dress was stolen while she...

Joe Biden: President Joe Biden to propose $6 trillion U.S. budget for 2022 fiscal year

President Joe Biden will seek $6 trillion in U.S. federal spending for the 2022 fiscal year, rising to $8.2 trillion by 2031, the...

Is It Worth Studying Social Media?

It might seem strange to suggest that a person could study social media. This may be because so many people use some form of...

S.Africa to amend power regulations to boost supply – Ramaphosa

Article content JOHANNESBURG — South Africa will exempt power generation projects of up to 100 megawatts from licensing requirements, increasing the threshold 10-fold...