Loading...

Web Rundown

Jay-Z sues investment firm over Manhattan hotel loan

By theGrio

1:56 PM on 02/04/2010

READ MORE: Jay Z, New York

COMMENT NOW

print

Join Our Mailing List
EMAIL
Related News
TheGrio's 100: Rep. Yvette Clarke, working on Capitol Hill for a better future for her district
Jay-Z launches lavish 40/40 club re-opening
Jay-Z: Poem disavowing 'b-word' over birth of Blue Ivy is fake
Share Bar

From BBC News:

Jay-Z is suing investment firm Highland Capital Management for $3.7m (£2.3m) over a 2007 loan to help him build a hotel in Manhattan.

The rapper, real name Shawn Carter, says that, when the value of the land he had bought fell, he tried to give it back to Highland to avoid repossession.

Mr Carter says the company dragged its heels costing him millions in interest.

Click here to read the rest of this story.

Follow theGrio on Facebook & Twitter!

 

loading...

FOLLOW theGrio ON: